Home »
MCQs »
Commerce MCQs »
Sole Proprietorship MCQs
What is a Sole Ownership?
1. What is a Sole Ownership?
- Company owned by Government
- Company owned by a group of people
- Company owned by a single person
- Company owned by a dormant
Answer: C) Company owned by a single person
Explanation:
Sole ownership, otherwise called a sole tradership, individual business venture, or ownership, is a kind of big business possessed and run by one individual and in which there is no legitimate differentiation between the proprietor and the business substance. A sole merchant doesn't work alone—it is feasible for the sole dealer to utilize others.