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Forms of Business Organisation-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-12 Marks
Question
Define Sole Proprietorship Firm according to Luis Henry.
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Answer

  • According to Luis Henry - Sole proprietorship business is such type of business organization in which only person at the top, is responsible, who direct business activities and bears the risk of failure of business by him alone.

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