Question

 "It is a form of business organisation which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks." Identify the concept. Cooperative society Joint Hindu Family Business Sole proprietorship Partnership​

Answer 1

In a sole proprietorship form of business, the business is owned, managed and controlled by a single individual who is known as the sole proprietor. As the sole owner of the business, the proprietor becomes the single recipient of all the profits earned by the business and, in the same way, has to bear all losses.

MARK AS BRAINLIEST

FOLLOW IF YOU LIKE