Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and starts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____.
A) owns a limited liability company
B) has a sole proprietorship
C) has a general partnership
D) owns a statutory close corporation

Question

Quizplus · Accepted Answer

Amanda most likely has a sole proprietorship because she is starting the bakery on her own with a loan, which is typical for individual business owners.

Amanda Has Always Been Inclined Toward Baking and Wants to Open