Allan opened a hot dog stand in Cape Town CBD.He owns it and operates it six days a week, year round.What kind of business is this?

Question

Quizplus · Accepted Answer

An owner-managed business is a business in which the owner is responsible for the day-to-day operations and management of the business. In this case, Allan owns the hot dog stand and operates it himself, making it an owner-managed business. The other options (A, B, and C) do not apply as there is no indication of a partnership or franchise agreement in this scenario.

Allan Opened a Hot Dog Stand in Cape Town CBD