Bruce owns his own unincorporated consulting business,from which he derives a modest profit.This business is best described as a(n):
A) partnership
B) sole proprietorship
C) corporation
D) association
E) company.

Question

Quizplus · Accepted Answer

Bruce's consulting business is an unincorporated business and he receives all profits from the business. Therefore, it is best described as a sole proprietorship.

Bruce Owns His Own Unincorporated Consulting Business,from Which He Derives