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pooja sangaraju
on Dec 11, 2024

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A business owned by a single individual who is fully liable for its debts is called

A) a corporation.
B) a proprietorship.
C) a partnership.
D) an agency.

Proprietorship

A type of business ownership where the business is owned and run by one individual who has full control and responsibility.

Single Individual

A term referring to one person, often used in the context of single-person households or individual decision-making.

  • Identify the basic legal forms of business enterprise and their characteristics.
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Aaron CollinsDec 17, 2024
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