A firm owned by one individual is called a:
A) corporation.
B) partnership.
C) sole proprietorship.
D) none of the above.

Name: A firm owned by one individual is called a: A) corporation. B) partnership. C) sole proprietorship. D) none of the above.
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Question

Quizplus · Accepted Answer

A firm owned by one individual is called a sole proprietorship. A corporation is owned by multiple individuals and is a separate legal entity, while a partnership is owned by two or more individuals who share profits and liabilities.

A Firm Owned by One Individual Is Called A