BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A small neighborhood barber shop that is operated by its owner would likely be organized as a
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corporation.
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proprietorship.
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partnership.
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joint venture.
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Explanation:
Detailed explanation-1: -A proprietorship is a business operated by an individual. In most cases, the individual is the owner. In terms of size, it’s not as big as a corporation or joint venture. Therefore, a neighborhood barbershop operated by its owner is most likely to be a proprietorship.
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