Asked by
pooja sangaraju
on Dec 11, 2024Verified
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.
Verified Answer
AC
Learning Objectives
- Identify the basic legal forms of business enterprise and their characteristics.