Question

One man control is the best in world explain

Answer 1

Explanation:

One man control is the best in the world if the man is capable enough to manage everything. This statement states about sole proprietorship form of business. In sole proprietorship type of business the single individual takes all initiatives and run the business. 'Sole' means singe and 'proprietorship' means ownership. The business organization in which the single owner owns, manages and controls all the activities of the business is known as sole proprietorship form of business organization.

Answer 2

Answer:

Sole Proprietorship

Explanation:

Sole means one and proprietor means owner.

• the business is owned, controlled and managed by a single owner or individual is known as Sole Proprietorship organization.
• One man control is the sole owner of the firm and has full control over it
• the ownership and management lies in the hands of one person only i.e. the owner.
• some persons or managers may be employed to help the owner but the ultimate control is in the hands of owner only.
• The Sole Proprietorship firm is owned by single individual that means all the capital is supplied by the owner from his own wealth or borrowed fund.
• Whole risk and reward that is profit is borne by owner.

Sole Proprietorship is also be termed as One man Army.

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