What resources does a sole proprietorship primarily depend on?
A) The corporation
B) Foreign investors
C) Capital markets
D) Those of the owner
E) A committed clientele

Question

Quizplus · Accepted Answer

A sole proprietorship is a business structure in which the owner and the business are legally the same entity. Therefore, the resources of the business primarily depend on the resources of the owner. The owner's personal assets are used as collateral to secure any loans, and they are responsible for funding the business with their own savings or profits.

What Resources Does a Sole Proprietorship Primarily Depend On