Sole-trade organization is also called as ______.
A. Individual proprietorship
B. Partnership
C. Joint stock company
D. Co-operative society
Answer: Option A
Solution(By Examveda Team)
Sole-trade organization is also called as Individual proprietorship. It is the type of entity that is fully owned and managed by one natural person (not a legal person/entity) known as the sole proprietor. The business and the man are the same, it does not have a separate legal entity.This Question Belongs to Commerce >> Business And Commerce
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