A Business Owned by a Single Individual Is Called A(n)

question 177

Multiple Choice

A business owned by a single individual is called a(n) :

• A) Corporation.
• B) Sole proprietorship.
• C) Partnership.
• D) Closed receivership.
• E) Open structure.

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Definitions:

Federal Power

Refers to the authority and powers that are possessed and exercised by the federal government, as opposed to state or local governments, within a country.

United States v. Lopez

A 1995 Supreme Court case that addressed the limits of Congress's power under the Commerce Clause, ruling that the Gun-Free School Zones Act exceeded Congress's authority.

Printz v. United States

A landmark Supreme Court case that decided the federal government could not commandeer state and local officials to enforce federal gun background checks.

Supreme Court's Decisions

The final judgments or orders issued by the Supreme Court, which serve as precedent for future cases.