Concept:In a sole proprietorship, the same person owns, manages, and controls the business.
Explanation:Management refers to running the day-to-day activities of the business.
Control refers to making final decisions and directing the business.
A sole proprietorship is owned and run by one person.
There is no legal separation between the owner and the business.
Therefore, the owner combines both management and control effectively.
In limited liability companies and co-operative societies, ownership is often separated from day-to-day management.
Answer:B. sole proprietorship