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Individual Ownership is called as?

5. Individual Ownership is called as?

  1. Joint Trade Business
  2. Sole Proprietorship
  3. Co-Operative Society
  4. 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.

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