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Forms of Business Organization
Question
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Which statement is not correct with respect to sole proprietorship firm ?
  • Close contact with the customer
  • Independent control
  • Experts can be appointed for research work
  • Easy to form and establish

Answer

C.

Experts can be appointed for research work

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Some More Questions From Forms of Business Organization Chapter

What is the meaning of Partnership organization?

Can a Partnership firm have a minor partner ?

Define partnership deed.

What do you understand by co-operative society?

Define company.

What do you understand by a Private Company?

What do you understand by a Public Company?

Under what circumstances, is a partnership form of business organisation suitable ?

Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.

Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?