FORMS OF BUSINESS ORGANISATION - Download NCERT Text …
The individual proprietorship is the form of business organisation at the head of which stands an individual as one who is responsible, who directs its operations and who alone runs the risk of failure. L.H. Haney. 24 BUSINESS STUDIES separate from the owner. The owner is, therefore, held responsible for all the activities of the business. (vi) Lack of business continuity: Since the owner and ... ................
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