Which of the Following Best Describes Sole Proprietorship? ​

question 8

Multiple Choice

Which of the following best describes sole proprietorship? ​

• A)It is a business owned by two people with limited liability.
• B)It is a business owned by two people and operated by one.
• C)It is a business owned by one person with limited liability.
• D)It is a business owned and carried on by one person.

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Definitions:

Social Problems

Issues within a society that affect individuals and communities, often requiring collective solutions.

Independence

The condition or quality of being self-reliant and free from external control or support, often associated with nations, individuals, or thoughts.

Maturity

The state of being fully developed in the body or the mind, or the state of being ready for something.

Social Learning Theory

A hypothesis proposing that individuals acquire knowledge through watching, copying, and emulating each other.