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Question
Write a word or a phrase or a term which can substitute the following.
The commercial organization which has maximum secrecy.
Solution
The commercial organisation which has maximum secrecy- Sole proprietorship.
Explanation:
A sole trading concern ensures maximum business secrecy. All the information related to the business remains with the owner and it is up to him whether he wants to share the information with others or not. So, others cannot take undue advantage.
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| Group “A” | Group “B” | ||
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| b) | Public company | 2) | Minimum 7 members |
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| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
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