A Business Owned by One Person, Who Has Complete Control

question 3

Multiple Choice

A business owned by one person, who has complete control over management and profits, is known as a .

• A) public corporation
• B) general partnership
• C) sole proprietorship
• D) limited liability company

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Definitions:

High-Paying Nations

Countries where workers generally receive high wages due to strong economies or high standards of living.

Capitalist Incomes

The earnings derived from capital investments, such as profits, rental income, and interest, within a capitalist economic system.

Backflows

The reverse movement of water, contaminants, or other substances into the potable water supply due to a change in pressure.