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Who owns a sole proprietorship business?

Answer and explanation

Correct answer: One person

A sole proprietorship is owned and controlled by one individual. That person normally provides or arranges the capital, makes business decisions, receives the results, and bears the business risk according to the nature of the business. Therefore option A is correct. Customers, a village, or the government are not automatically owners.

Related tags

Sole-ProprietorshipOwnershipSole ProprietorshipForms Of Business OrganisationBusiness StudiesClass 11 Mcq

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