QuestionAugust 7, 2025

Which type of business is owned by only one person? A. Sole proprietorship B. Firm C. Corporation D. Partnership

Which type of business is owned by only one person? A. Sole proprietorship B. Firm C. Corporation D. Partnership
Which type of business is owned by only one person?
A. Sole proprietorship
B. Firm
C. Corporation
D. Partnership

Solution
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Answer

A. Sole proprietorship Explanation 1. Identify the type of business A sole proprietorship is a business owned and operated by one individual, without distinction between the business and the owner.

Explanation

1. Identify the type of business<br /> A sole proprietorship is a business owned and operated by one individual, without distinction between the business and the owner.
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