Maharashtra State BoardHSC Commerce 12th Board Exam
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Write a Word Or a Phrase Or a Term Which Can Substitute the Following. 'One Man Show' Type of Business Organization. - Organisation of Commerce and Management

One Line Answer
One Word Answer

Write a word or a phrase or a term which can substitute the following.
'One man show' type of business organization.

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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.

Concept: Choice of Form of Business Organization
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
Write a word or a phrase | Q 7 | Page 38
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