Robert owns three restaurants in Atlanta.He pays taxes for the income from the restaurants as his personal income.Robert's business is an example of a ________.
A) personal partnership
B) sole proprietorship
C) joint venture
D) small corporation
E) limited liability firm

Question

Quizplus · Accepted Answer

A)A sole proprietorship is a business owned by one person. The restaurant is owned by Robert alone although its has three branches.
B)A sole proprietorship is a business owned by one person. The restaurant is owned by Robert alone although its has three branches.
C)A sole proprietorship is a business owned by one person. The restaurant is owned by Robert alone although its has three branches.
D)A sole proprietorship is a business owned by one person. The restaurant is owned by Robert alone although its has three branches.
E)A sole proprietorship is a business owned by one person. The restaurant is owned by Robert alone although its has three branches.

Robert Owns Three Restaurants in Atlanta