The business in which only a single owner arranges the capital is ____________.
A
Partnership
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B
Hindu joint family business
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C
Sole proprietorship
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D
NGOs
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Solution
The correct option is C Sole proprietorship The business in which only a single owner arranges the capital is Sole proprietorship, it is the simple type of business that can be started by an individual and can be easily established due to a lack of government regulation. These types of businesses are very popular among sole owners of businesses, individual self-contractors, and consultants. Many sole proprietors do business under the registration of their own names is not necessary for these types of business.