_____ is the only type of firm where it is possible for a person to hold all of the information that matters for all types of decisions.
A)Corporation
B)A firm where decision-making is centralized
C)Sole proprietorship
D)A firm where there is separation of ownership and management

Question

Quizplus · Accepted Answer

In a sole proprietorship, there is only one owner who is responsible for making all decisions, holding all information and managing the operations of the firm. Thus, this type of firm is the only one where a person can have complete information for all types of decisions. In other types of firms, decision-making is often decentralized or divided among multiple individuals or departments.

_____ Is the Only Type of Firm Where It Is