English

Select the Proper Option from the Options Given Below and Rewrite the Completed Sentence. a Sole Proprietorship Has ________ Owner/Owners. - Organisation of Commerce and Management

Advertisements
Advertisements

Question

Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship has ________ owner/owners.

Options

  • one

  • two

  • unlimited

MCQ
Advertisements

Solution

A sole proprietorship has one owner.
Explanation:
Sole means one and proprietor means owner. Therefore, a sole proprietorship is the one which is controlled and managed by only one or single owner.

shaalaa.com
Concept of Sole Proprietorship Or Sole Trader
  Is there an error in this question or solution?
Chapter 1: Forms of Business Organisations - Select the proper option [Page 35]

APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 1 Forms of Business Organisations
Select the proper option | Q 2 | Page 35
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×