Q.The oldest form of Business organisation is ______.

The oldest form of business organisation is the sole proprietorship, so the correct option is (b).

In the sole proprietorship chapter of the Tamil Nadu HSC Commerce syllabus, this form is described as the earliest and simplest type of business.

• Sole proprietorship is owned, managed and controlled by a single individual. Because it needs little capital and few legal formalities, it came into existence long before other forms and is therefore the oldest form of business organisation. …