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Subjects

Business Studies

Sole Proprietorship

In this Class 11 Business Studies topic from “Forms of Business Organisation,” students explore sole proprietorship as a business owned, managed, and controlled by one person. They learn how the proprietor takes decisions, arranges capital, receives profits, and bears unlimited liability for business debts. The topic examines its key features, merits such as quick decisions and close supervision, limitations including limited resources and continuity concerns, and the situations in which this form is suitable.

Medium · Level 1 · 1 questions

TOPIC PRACTICE

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  1. Business owned by one person
  2. Meeting of one hundred people
  3. Government department
  4. Group of customers

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