4 Questions
What is the simplest form of business organization?
Sole proprietorship
In a sole proprietorship, who is responsible for all the business decisions and operations?
The sole proprietor
What is a key characteristic of a sole proprietorship?
Simplest to establish
Which type of business organization provides unlimited liability to the owner?
Sole proprietorship
Test your knowledge about the simplest form of business organization with this quiz. Learn about the responsibilities, liabilities, and key characteristics of a sole proprietorship.
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