A form of business organization with one owner who takes all the risks and all the profit is called
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A form of business organization with one owner who takes all the risks and all the profits. PROPRIETORSHIP.
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A form of business organization with one owner who takes all the risks and all the profits is called a sole proprietorship business.
Explanation:
- A sole proprietorship form of business can be explained as a form of business where only one person brings in resources and employs them for profit generation.
- Sole proprietorship form of business organization is great for small business activities and limited operations.
- A sole proprietorship business also has a limited number of resources so it can grow only to a certain extent.
- Once the activities of the business start becoming complex, new people have to be employed for help.
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