Asked by Andrew Cavender on Jul 05, 2024
Verified
In a(n) _____,the owner has complete control over the business and can make crucial decisions without anyone else's approval.
A) S corporation
B) joint venture
C) sole proprietorship
D) C corporation
E) cooperative
Owner
An individual or entity that possesses legal right and title to property, assets, or a business.
- Acquire knowledge about the essential traits of sole proprietorships, encompassing their dimensions, liability aspects, and managerial control.
- Understand the significance of business ownership configurations on supervisory control, the process of making decisions, and obligations under law.
Verified Answer
DC
Dejah CarlockJul 08, 2024
Final Answer :
C
Explanation :
In a sole proprietorship, the owner has complete control over the business and can make crucial decisions without anyone else's approval. This is because the business is owned and operated by a single individual, without the involvement of any other entity.
Learning Objectives
- Acquire knowledge about the essential traits of sole proprietorships, encompassing their dimensions, liability aspects, and managerial control.
- Understand the significance of business ownership configurations on supervisory control, the process of making decisions, and obligations under law.
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