A Business Run by the Individual Who Owns It Is

question 87

Multiple Choice

A business run by the individual who owns it is referred to as a(n) _____.

• A) franchise
• B) owner-managed firm
• C) professionally-owned business
• D) novelty firm

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Definitions:

Rational Thinking

The ability to think clearly, logically, and systematically, applying reason and critical thinking to decision-making or problem-solving.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Illumination

The process or result of shedding light or clarity on a subject, or literally the provision of light in a physical space.

Incubation

A period of subconscious processing that leads to creative solutions or ideas after a break from conscious thought.