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Question
The ownership where an individual supplies the total capital from his own wealth or from borrowed funds is ______.
Options
Sole Proprietorship
Joint Hindu Family Business
General Partnership
None of these
MCQ
Fill in the Blanks
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Solution
The ownership where an individual supplies the total capital from his own wealth or from borrowed funds is sole proprietorship.
Explanation:
A sole proprietorship is a business owned by a single individual who provides all capital from personal wealth or loans. The owner has full control and bears unlimited liability, and the business lacks a separate legal identity. The proprietor bears all profits and losses, making this ownership form easy to start and dissolve.
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