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  3. 11th Class
  4. Business Studies
  5. Forms Of Business Organisation

11th Class Business Studies Forms Of Business Organisation

  • question_answer 6)
    Profits do not have to be shared. This statement refers to (a) Partnership (b) Joint Hindu family business (c) Sole proprietorship (d) Company

    Answer:

    (c) Sole proprietorship refers to a form of organization where business is owned, managed and controlled by a single individual who bears all the risks and is the only recipient of all the profits.


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