CBSE · Class 11 · Business Studies · Forms of Business OrganisationsWhich of the following is the oldest form of business organization?
Step-by-Step Solution
Sole proprietorship is the oldest, simplest, and most common form of business organization. It is owned, managed, and controlled by a single individual who bears all the risks and receives all the profits.
Detailed Options Breakdown
Option : Joint Stock Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 1: Partnership
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 2: Sole Proprietorship (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Cooperative Society
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
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