Which of the Following Is the Resulting Entity When a Person

question 33

Multiple Choice

Which of the following is the resulting entity when a person decides to go into business on his or her own and is solely responsible for management and profits?

• A) Individual entity
• B) Sole proprietorship
• C) Single entity
• D) Sole entrepreneurship
• E) Single entrepreneurship

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Definitions:

Modest Wealth

A term describing individuals or families who possess enough resources for a comfortable but not lavish lifestyle.

Political Influence

The ability to sway or alter the decision-making process of individuals in power, often exerted through various means such as lobbying, campaigning, or public opinion.

Pennsylvania Population

The number of people living in the state of Pennsylvania, which can refer to historical populations or current demographics.

Class Stratification

Class stratification refers to the division of society into distinct social classes based on factors like wealth, income, education, occupation, and social connections, often influencing individuals' opportunities and quality of life.