The Simplest Form of Business Owned and Operated by One

question 45

Multiple Choice

The simplest form of business owned and operated by one person is called a(n)

• A) franchise.
• B) partnership.
• C) S-corporation.
• D) sole proprietorship.
• E) syndicate.

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Definitions:

Cable TV

A method of providing TV programming to viewers through radio frequency signals sent via coaxial cables or through pulses of digital light.

Tuition Fees

Charges imposed by educational institutions for instruction and other services, a major component of the cost of higher education.

Price-Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.

Community College

A public institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.