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Question
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship is the ________ form of organization.
Options
private sector
public sector
none of
MCQ
Solution
A sole proprietorship is the private sector form of organisation.
Explanation:
A sole proprietorship is completely owned and managed by an individual. This kind of business is not regulated by any government and is controlled and managed by the proprietor himself. Hence, it is regarded as a private sector organisation.
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Concept of Sole Proprietorship Or Sole Trader
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