A business owned and operated by one person is called a(n):
A) identical commerce.
B) sole proprietorship.
C) corporation aggregate.
D) 501(c) corporation.

Question

Quizplus · Accepted Answer

A sole proprietorship is a type of business entity in which one person owns and operates the business. It is the simplest form of business organization and the owner has complete control over the business's operations and profits. None of the other choices are relevant to this definition.

A Business Owned and Operated by One Person Is Called