A Sole Proprietorship Is Owned By

question 24

Multiple Choice

A sole proprietorship is owned by:

• A)one person.
• B)two of more persons.
• C)shareholders.
• D)bankers.

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Definitions:

Strategic Contingency

The concept that organizational strategies must be adaptable to current and foreseeable conditions to ensure effectiveness.

Crucial Impact

A significant effect or influence that is essential to the outcome or success of a process or event.

Key Product

A product that is crucial to a company's success, often contributing significantly to its revenue and brand identity.

Strategic Contingencies

Critical factors that organizations must address to adapt and succeed in a changing environment.