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Forms of Business Organisation — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation1 Mark
Question
Define sole proprietorship.
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Answer

According to JL Hansen, "Sole trade is a type of business unit where a person is solely responsible for providing the capital, for bearing the risk of the enterprise and for the management of business."

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