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Foundations of Business 6th Edition

Foundations of Business (6th Edition)

Book Edition6th Edition
Author(s)Hughes, Pride
ISBN9781337386920
PublisherCengage Learning
SubjectOther
Section 4-1: Sole Proprietorships
Concept Check
Section 4-2: Partnership
Concept Check
Section 4-3: Advantages and Disadvantages of Partnerships
Concept Check
Section 4-4: Corporations
Concept Check
Section 4-5: Advantages and Disadvantages of Corporations
Concept Check
Section 4-6: Special Types of Business Ownership
Concept Check
Section 4-7: Joint Ventures and Syndicates
Concept Check
Section 4-8: Corporate Growth
Concept Check
End of Chapter
Discussion Questions
Video Case
Social Media Exercise
Building Team Skills
Researching Different Careers
Chapter 4, Section 4-1, Concept Check, Exercise 01
Page 105

What is a sole proprietorship?

Explanation

It can be referred to as an unincorporated business that is run and owned by one person, it does not distinct between the owner and the business.

Answer

This is one of the simplest as well as the most common structure that is normally selected to begin a business.

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