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Question 118Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 2 (12:30 PM)

The most common type of business organisation is:

  1. Apartnership
  2. Bsole proprietorship
  3. CNGO
  4. Dcorporation
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Correct answer: (B) sole proprietorship

Explanation

Sole proprietorship, owned and run by one person, is the most common business form because it is easy and cheap to set up and has few legal formalities.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM)

This is question 118 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.