Examlex
Which of the following arrangements involves the greatest commitment of resources and poses the greatest amount of risk?
Proprietorship
A business owned and operated by a single individual, where the owner and the business are legally considered the same entity.
Neighborhood Barber Shop
A locally-operated business that provides hair cutting and grooming services primarily for male clients in a specified area.
Owner
The individual or entity that holds the legal right or title to an object, property, or enterprise.
Partnership
A legitimate arrangement for conducting business that necessitates shared managerial responsibilities and profits among multiple partners.
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