GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business owner who prefers to maintain complete control of all business activities might consider structuring the venture as a(n)
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sole proprietorship
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general partnership.
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franchise
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corporation.
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Explanation:
Detailed explanation-1: -A sole proprietor is someone who owns an unincorporated business by himself or herself.
Detailed explanation-2: -Sole Proprietorship and its Advantages In a sole proprietorship, as the owner, you have complete control over your business. You make all important decisions and are generally responsible for all day-to-day activities. In exchange for assuming all this responsibility, you get all the income earned by the business.
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