Question

1. Dimple Sahukar opened a Boutique along with ten workers. It was named ‘Raja-Rani Boutique’. No problem of any type was faced in opening the Boutique. At her Boutique special dresses made for marriages and parties were sold. Several other Boutiques were also there in the market. Despite their being a lot of competition, ‘Raja-Rani’ Boutique was earning a good profit. Since all the profit went into the proprietor’s pocket, she was getting inspired to work with great efficiency. With the increase in workload, the number of workers was increased from 10 to 20. Since the proprietor had direct contact with the workers, there was no scope for any sort of carelessness. Now, including Dimple, there were 21 persons working in the Boutique. All of them were happy.in this way her business was running very well. One day, unfortunately, the Boutique caught fire due to short circuit. Consequently Dimple had to suffer a heavy loss. The circumstances deteriorated so much that Dimple had to dispose of her personal properties to repay the Boutiques debts. In order to revive the Boutique, Dimple had to work very hard and it took a long time.
a) To what form of business organization is concerned the above paragraph.

b) The information of which two factors of the form of business organization identified in (a) is being conveyed


c) Quoting the relevant lines, write about four

Answer 1

Answer:

boutique shop with his ten workers

Answer 2

Answer:

a) sole proprietorship

b) undivided risk and quick decision

c) lack of business continuity, risk bearing, unlimited liability, limited resources