____________ is the most flexible kind of business Organisation.

Sole Proprietorship

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Partnership

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Co-Operatives and Trusts

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Limited Liability Partnership

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Solution

The correct option is A Sole Proprietorship
A sole proprietorship is the most flexible kind of business Organisation because it is a one man show, i.e. right to run the business and to make all the decisions, lies absolutely with the sole proprietor. He is the one who will take all the decisions and can change them as well.
Thus the correct answer is A.

Suggest Corrections

Similar questions

Q. Answer is Yes or No:
(a) The sole proprietor is the exclusive master of his business.
(b) The liability of a sole proprietor is limited.
(c) A sole proprietorship has no legal existence apart from its owner.
(d) Sole proprietorship is the oldest form of business organisation.
(e) It is difficult to set up a sole proprietorship.

Q. Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______ business, (small / large)
(c) Liability of a sole proprietor is ________ (limited / unlimited)
(d) Sole proprietorship _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)

Q. Liability of partners in a partnership business is _________.

The structure in which there is separation of ownership and management is called

(a) Sole proprietorship

(b) Partnership

(d) All business organisations

The business assests of a organisation amount to Rs 20,000 but the liabilities that remained uppaid are Rs 45,000. What course of action can the creditors take if the organisation is a sole proprietorship firm ?

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