The owner is the only person responsible for the activities of the business in a ____.
A)limited partnership
B)nonprofit business
C)dormant partnership
D)sole proprietorship
E)limited liability company

Question

The owner is the only person responsible for the activities of the business in a ____. ​
A)limited partnership
B)nonprofit business
C)dormant partnership
D)sole proprietorship
E)limited liability company

Quizplus · Accepted Answer

In a sole proprietorship, the owner is solely responsible for all the activities of the business, including debts and liabilities. This is unlike other business structures where responsibilities can be shared or limited.

The Owner Is the Only Person Responsible for the Activities