A business owned by a single individual is called a(n):
A) Corporation.
B) Sole proprietorship.
C) Partnership.
D) Closed receivership.
E) Open structure.

Name: A business owned by a single individual is called a(n): A) Corporation. B) Sole proprietorship. C) Partnership. D) Closed receivership. E) Open structure.
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Question

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A sole proprietorship is a business owned and operated by a single individual, making it the simplest form of business ownership.

A Business Owned by a Single Individual Is Called A(n)