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Individual Ownership is called as?
5. Individual Ownership is called as?
- Joint Trade Business
- Sole Proprietorship
- Co-Operative Society
- Partnership
Answer: B) Sole Proprietorship
Explanation:
A sole-trade organization is also called an 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.