In which type of organisation, does one person take all the risk?
Sole Proprietorship
Joint Stock Company
Partnership
Cooperative Society
Sole Proprietorship: It refers to an organisation where the individual bears all the risk.
The structure in which there is separation of ownership and management is called
(a) Sole proprietorship
(b) Partnership
(c) Company
(d) All business organisations
As compared to a sole proprietorship and partnership organization, joint stock company formation is easier.
For which of the following types of business, do you think a sole proprietorship form of organisation would be more suitable?
Discuss the characteristics, merits and limitations of cooperative form of organisation. Also describe briefly different types of cooperative societies.