Home › BBA › Business Studies › Forms of Business Organisation › One person rarely excels at purchasing, selling …
One person rarely excels at purchasing, selling and financing together, which shows the limit of:
AQuick decisions
BManagerial ability
CLegal formality
DBusiness secrecy
Answer & Solution
Correct answer: B. Managerial ability
1. The owner must handle every function.
2. Talented staff are hard to retain on small means.
3. So managerial ability is limited.
_Source: NCERT Class 11 Business Studies, Chapter 2, Forms of Business Organisation._
Related questions
Two firms wanting to pursue one project together without merging would set up a:Which form protects an owner's personal assets from the firm's debts?The owner of a small shop wanting complete personal control would choose a:A takeover financed by very large amounts of borrowed money is a:A media firm buys an unrelated food business to spread its risk. That is a:A carmaker buys the firm that supplies its tyres. That is a:Two supermarket chains at the same stage of the same industry combine. That is a:The purchase of a target company by another corporation or an investor group is an: