A Business in Which One Person Is in Control of the Management

question 67

True/False

A business in which one person is in control of the management and profits is a sole proprietorship.

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Definitions:

Urban Population

Refers to the segment of a country's population that resides within towns and cities as opposed to rural areas.

Quebec

Quebec is a province in Canada, characterized by its French heritage, language, and culture, making it a unique region within the predominantly English-speaking country.

Viable

Capable of working successfully; feasible or capable of living, growing, or developing under given conditions.

Malthus

Refers to Thomas Robert Malthus, an English economist and demographer known for his theories on population growth and its impacts on resources.