When a Business Is Owned and Operated by a Single

question 361

Multiple Choice

When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a

• A) partnership.
• B) conglomerate.
• C) corporation.
• D) proprietorship.

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Definitions:

Direct Order

A sequence or structure where information is provided in a straightforward manner, starting with the most important points.

Formality Decreases

The reduction in the level of formal language or behavior in a communication or setting.

Direct Order

A command or authoritative instruction, also used in writing to state an action to be taken clearly and directly.

Personal Style

An individual's distinctive manner of dressing or presenting themselves, often reflecting their personality or preferences.