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प्रश्न
Write a word or a phrase or a term which can substitute the following.
The owner is the sole manager and decision maker of his business.
उत्तर
The owner is the sole manager and decision maker of his business- Sole proprietorship.
Explanation:
In a sole proprietorship, the business is owned and managed by one individual. This individual is solely responsible of the business and doesn’t share profits and loss with anyone.
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संबंधित प्रश्न
‘One man show’ type of business organization.
Sole trading concern and Partnership firm .
Functions of Lower Level Management.
Sole Trading Concern and Partnership
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Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.
State Whether the Following Statement Is True Or False (Give Reason).
A sole trader can take prompt decisions and quick actions.
State Whether the Following Statement Are True Or False (Give Reason)
Sole Trading Concern is convenient and suitable when the market of goods is local.
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
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Profits do not have to be shared. This statement refers to
The capital of a company is divided into a number of parts each one of which is called
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Define the following business entities:
Sole Proprietorship
