Which ownership and management alternative is fully controlled by the owner,operationally flexible,and subject to single taxation by the government?

Question

Quizplus · Accepted Answer

The ownership and management alternative that is fully controlled by the owner, operationally flexible, and subject to single taxation by the government is a sole proprietorship. In a sole proprietorship, the owner has complete control over the business and can make decisions quickly and easily. Additionally, the business is subject to single taxation on the owner's personal income tax return, which can simplify the tax process. However, the owner is also personally liable for any debts or legal issues related to the business.

Which Ownership and Management Alternative Is Fully Controlled by the Owner,operationally