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Question
Write a word or a phrase or a term which can substitute the following.
'One man show' type of business organization.
Solution
One man show type of business- Sole proprietorship.
Explanation:
A sole proprietorship is owned, controlled and managed by one person. Therefore, it is also known as one-man show. The proprietor receives all the profits. At the same time, he/she is responsible for the losses.
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