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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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Comments ( 1 )

  1. Manoj12 Manoj12
    Manoj12 Manoj12 :
    8 months ago

    3. Del credere commission is allowed to cover-
    (a) Normal loss
    (b) Abnormal loss
    (c) Loss due to bad debts
    (d) All of the above

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