Local residents have always thought the mom-and-pop store on the corner of Locust and Congress was a partnership between Mr.and Mrs.Davis.But Mr.Davis is the real owner.This probably means that the store is a
A) limited partnership.
B) sole proprietorship.
C) corporation.
D) cooperative.
E) joint venture.

Question

Quizplus · Accepted Answer

The fact that Mr. Davis is the sole owner of the store indicates that it is a sole proprietorship, where a single individual owns and operates the business.

Local Residents Have Always Thought the Mom-And-Pop Store on the Corner