A Business Owned by a Single Individual Is Called A

question 4

Multiple Choice

A business owned by a single individual is called a:

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

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Definitions:

Formula

A mathematical relationship or rule expressed in symbols.

Lessee

A person or entity that leases or rents property from another; the counterpart to the lessor.

Landlord

The person or people that own a rented house or apartment.

Tenant

A person who rents a house or apartment.