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Question
Give one word/phrase/term.
The owner is the sole manager and decision maker of his business.
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Solution
Sole Trader.
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| Group ‘A’ | Group ‘B’ |
| A) Private Company | 1) Karta |
| B) Public Company | 2) Local Market |
| C) Common Seal | 3) 1932 |
| D) Partnership Act | 4) Maximum 200 members |
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| 8) Signature of Company | |
| 9 ) Maximum 100 members | |
| 10) Manager |
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Answer in one sentence.
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In public company, shares are not freely transferrable
Justify the following statement.
Shares of Private Limited Company are not freely transferable.
What is the main objective of businesses in the private sector?
