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Question
The organisation, which is owned and managed by one person is a ________________.
The organisation, which is owned and managed by one person is a ________________.
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Solution
The correct option is B Sole proprietorship
In sole proprietorship, whole organisation is owned and managed by the single person, who is the owner of organisation. He is the sole bearer of all risks and profits associated with the business.
In sole proprietorship, whole organisation is owned and managed by the single person, who is the owner of organisation. He is the sole bearer of all risks and profits associated with the business.
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