Question

One man control is the best in the world if the man is capable enough to manage everything. This statements states about which form of business?

Answer 1

The given statement states about sole proprietorship form of business. The individual takes all initiatives and run the business in sole proprietorship type of business. Here, sole means single and proprietorship means ownership. The organization in which a single owner owns, controls and manages all the activities of the business is called as sole proprietorship form of business organization.

Hence the correct option is (C) i.e sole proprietorship