Concept check
Date: 2015-10-07; view: 530.
1.Who is the sole proprietorship the most appealing to? Why?
2.What spheres of economy are the most attractive to this form of business organisation?
3.Look back at the text and fill in the charts.
4.What skills must a sole proprietor have?
5. Match up the half-sentences on the left with those on the right.
| 1) The sole proprietorships is usually defined as 2) The proprietor is not required 3) A small business owner might select 4) If the sole trade succeeds 5) The individual proprietor is responsible for 6) The enterprise may be terminated | a) upon illness or death of the owner. b) the sole proprietorships to begin with. c) to share profits with anyone. d) the business which is owned and operated by one person. e) in he can form a partnership or corporation. f) the full amount of business debts. |
6. Read each statement and decide whether it is true or false.
1) To establish a sole proprietorship you need a lot of government documents.
2) To set up a sole proprietorship is rather expensive.
3) There are no co-owners or partners to consult in a sole proprietorship.
4) The liability of the sole proprietor extends to all the proprietor's assets.
5) A sole proprietorship is the most widespread form of a small business organisation.
6) The lack of capital may also cause operational disadvantages.
7) In a sole proprietorship employees have unlimited liability.
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