Julio decides his business will begin staying open until 7 p.m.instead of 6 p.m.The next day,the shop stays open until 7 p.m.This environment of flexibility to quickly change is characteristic of what form of business organization?
A) Corporation
B) Partnership
C) S-corporation
D) Flexible partnership
E) Sole proprietorship

Question

Quizplus · Accepted Answer

Flexibility to quickly change hours of operation is a characteristic of a sole proprietorship, as the owner has complete control over the business and can make decisions quickly without consulting with anyone else. Corporations and S-corporations generally require more formal decision-making processes, and partnerships may require agreement from multiple owners before making a change like extending business hours.

Julio Decides His Business Will Begin Staying Open Until 7