The liability of a sole proprietor is _______.
A. Limited to the extent of his capital invested in the business
B. Limited to the extent of the value of business assets
C. Limited to the extent of the value of business assets and his all private assets
D. Limited value of the business assets
Answer: Option C
Solution(By Examveda Team)
The liability of a sole proprietor is limited to the extent of the value of business assets and his all private assets.This Question Belongs to Commerce >> Business And Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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