Question

The owner is the sole manager and decision maker of his business. Answer in a word / phrase / term.

Answer 1

Answer:

In the case of given sentence, "The owner is the sole manager and decision maker of his business", the one word which can be used to replace this is "Sole trader or sole proprietor"

Explanation:

In this form of organization known as the solder trader, there is only one member who is necessary to form this organization. The sole trader is the only, sole, owner of the business. He is commonly known as the boss himself. He takes all big and small decisions for the business. He is solely responsible for everything that goes on in the business form supplier to customer.

Answer 2

Answer:

Proprietor

Explanation:

The given statement is true as the Proprietor is the sole manager and decision maker of the business.

Business involves the different types of function to achieve the desired goals.

Proprietor has the unlimited liabilities with respect to his/her business.He/she is used to supervise the work of Sub-ordinates.He is used to manage all the required things to run for the organization.