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प्रश्न
What do you understand by a sole proprietorship firm?
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उत्तर
In a sole proprietorship form of business, the business is owned, managed and controlled by a single individual who is known as the sole proprietor. As the sole owner of the business, the proprietor becomes the single recipient of all the profits earned by the business and, in the same way, has to bear all losses.
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संबंधित प्रश्न
Features of sole trading concern.
‘One man show’ type of business organization.
Sole trading concern and Partnership firm .
A sole trading concern ensures ______________ business secrecy.
Functions of Lower Level Management.
Sole Trading Concern and Partnership
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship is the ________ form of organization.
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.
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)
A sole trader has weak bargaining power.
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
In a cooperative society, the principle followed is
Define sole proprietorship.
Define the following business entities:
Sole Proprietorship
