Question

Sole proprietorship is suitable for:
a) Large scale concerns
b) Medium scale concerns
c) Small scale concerns

Answer 1

c) Small scale concerns.

A sole proprietor trade is controlled and managed by one single owner, who has unlimited liability .

It is the owner of the business who has to take the financial and other legal risk.

For this reason, there are chances of the sole trader to mix professional and personal property and assets.

If the organisation suffers a loss then it is the owner who has to take the liability all by himself.

Hence, the sole trader is always concerned with the small scale ideas.

Answer 2

hey mate

here is your answer :-

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sole propertietorship is suitable for

c) small scale concern


I hope it helps you


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