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Questions and Answers
What is the simplest form of business structure?
What is the simplest form of business structure?
- Sole proprietorship (correct)
- Limited liability company
- Partnership
- Corporation
In a sole proprietorship, who owns and operates the business?
In a sole proprietorship, who owns and operates the business?
- One person (correct)
- An elected board of directors
- The government
- A group of individuals
Which business structure offers the least separation between the business and its owner?
Which business structure offers the least separation between the business and its owner?
- Sole proprietorship (correct)
- Limited liability company
- Partnership
- Corporation
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