Erik and Elsa own a pet grooming business. Erik manages the financial responsibilities while Elsa manages the customers. This is an example of a ___.

A) sole proprietorship
B) general partnership
C) corporation
D) limited liability partnership
E) limited liability corporation

Erik and Elsa are both involved in managing the business, indicating a general partnership where both partners contribute to the management and operation of the business. A sole proprietorship would only have one owner responsible for all aspects of the business, while a corporation or limited liability partnership/ corporation would involve more formal legal structures and potentially more than two owners.