Sole Proprietorship Definition
CMAT 2021 · Innovation & Entrepreneurship · Easy · Business Structures
A business where an individual is both the owner and conductor of the business affairs is called
- A.
Proprietorship Firms
- B.
Partnership Firms
- C.
Private Limited Company
- D.
None of the above
Answer
A
Explanation
A sole proprietorship firm is owned, managed, and controlled by a single individual.
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