The simplest form of business owned and operated by one person is called a(n)
A) franchise.
B) partnership.
C) S-corporation.
D) sole trader.
E) syndicate.

Question

Quizplus · Accepted Answer

A sole trader, also known as a sole proprietor, is a business entity owned and operated by a single individual. This type of business requires minimal legal formalities and allows for complete control by the owner.

The Simplest Form of Business Owned and Operated by One