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Commerce · Q186

Business and Commerce

Graduate and Post Graduate · Commerce · question 186

Q186

_________ highly flexible type of organization.

A.
Sole Trading Concern
Answer
B.
Partnership
C.
State Enterprises
D.
Joint Stock Companies

Answer: Option A

Solution

Answer: Option A
Solution:
Sole Trading Concern highly flexible type of organization. Sole trading concern is the oldest type of business organization throughout the world. It is simple and natural type of organization because it is owned, controlled, supervised and managed by single person known as sole trader.