A Business Owned and Operated by One Person Is Called

question 31

Multiple Choice

A business owned and operated by one person is called a(n) :

• A) identical commerce.
• B) sole proprietorship.
• C) corporation aggregate.
• D) 501(c) corporation.

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Definitions:

Speculative Motive

The intention to hold cash for the purpose of taking advantage of future changes in the value of assets, securities, or commodities.

Double Coincidence Of Wants

A situation in barter economies where two parties each have what the other wants and agree to trade directly.

Barter

The exchange of goods or services between parties without the use of money as a medium of exchange.

Savings And Loan Bailout

A government intervention in the late 1980s and early 1990s, aimed at saving the Savings and Loan industry from collapsing due to bad loans and investments.