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A business owned, managed and controlled by one individual who takes all profits and risks is a:
ASole proprietorship
BPublic limited firm
CCooperative society
DJoint stock company
Answer & Solution
Correct answer: A. Sole proprietorship
1. Sole means only and proprietor means owner.
2. One person owns the whole business.
3. That is sole proprietorship.
_Source: NCERT Class 11 Business Studies, Chapter 2, Forms of Business Organisation._
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