1. The business concern that is owned and managed by a single
person is called______
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1
Answer:
Private business
Explanation:
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Answered by
1
Answer:
The concern that is owned and managed by a single person is called sole proprietorship. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
Explanation:
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