Which of the following is the simplest form of business, owned and operated by one person?
A) franchise
B) partnership
C) sole proprietorship
D) syndicate

Question

Quizplus · Accepted Answer

A sole proprietorship is a business owned and operated by one person. This is the simplest form of business organization as it requires no legal filings and the owner has complete control over all decisions and profits. Franchises, partnerships, and syndicates involve multiple owners or investors.

Which of the Following Is the Simplest Form of Business