proprietorship possesses which of the following characteristics?
A) A proprietorship joins two or more individuals as co-owners.
B) If a proprietorship cannot pay its debts, lenders cannot take the owner's personal assets to satisfy the obligations.
C) A proprietorship has a single owner.
D) None of the above is a characteristic of a proprietorship.

Question

Quizplus · Accepted Answer

A proprietorship, also known as a sole proprietorship, is characterized by having a single owner who is responsible for the business. This is in contrast to partnerships or corporations that involve multiple owners or shareholders.

Proprietorship Possesses Which of the Following Characteristics