A Business Owned and Operated by One Person Is Called

question 29

Multiple Choice

A business owned and operated by one person is called a(n) :

• A) limited partnership
• B) sole proprietorship.
• C) LLC.
• D) 501(c) corporation.

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Definitions:

Variable-Rate Assets

Assets that earn interest at rates which adjust over time based on prevailing market conditions.

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Treasury Bills

are short-term government securities with maturity dates typically one year or less, often used as a risk-free benchmark in financial markets.

Corporate Bonds

Debt securities issued by corporations to finance their operations, expansions, or projects, which pay interest to the holder until maturity.