Fatima wants to start a small business. She does not want to share the profits of her business with anyone else. In this scenario, Fatima should most likely opt for which of the following types of business ownership?

Question

Quizplus · Accepted Answer

An individual proprietorship is a type of business ownership in which the business is owned and operated by one person, who retains all profits and has complete control over the operations. This type of ownership is ideal for Fatima as she does not want to share profits with anyone else.

Fatima Wants to Start a Small Business