The Owner of a Sole Proprietorship

question 65

Multiple Choice

The owner of a sole proprietorship

• A) owns the business.
• B) bears no risks.
• C) is an employee of the business.
• D) shares profits.

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Definitions:

Economic Position

Relates to an individual's or entity's place or status in the economic hierarchy, influenced by income, wealth, and access to resources.

Dimensions of Power

The various ways in which power can be manifested or exercised in social, political, or personal contexts, including authority, influence, and control.

Status

The relative social, professional, or other standing of someone or something.

Historical Rationality

The concept that historical events and decisions can be understood logically and systematically through the context of their times.