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Question
What kind of business is best described by the following lines :
I am the owner of the business. I take all the risk of the business. I put all the money and I take all the profits.
What kind of business is best described by the following lines :
I am the owner of the business. I take all the risk of the business. I put all the money and I take all the profits.
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Solution
The correct option is A Sole Proprietorship
Sole Proprietorship: The business is owned, managed and controlled by a single individual who bears all the risk and is a recipient of all the profits.
Sole Proprietorship
Sole Proprietorship: The business is owned, managed and controlled by a single individual who bears all the risk and is a recipient of all the profits.
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