What has 1 owner you can pick more than one
A. sole proprietorship
B. General partnership
C corporation
A. sole proprietorship
C corporation
The correct answer is A. sole proprietorship. A sole proprietorship has only one owner who is responsible for all decisions and liabilities of the business. In a general partnership, there are multiple owners who share decision-making and liabilities. A C corporation also has multiple owners, known as shareholders.
The correct answer to the question is A. sole proprietorship.
To understand why A. sole proprietorship is the correct answer, let's examine the characteristics of the different types of business ownership options mentioned:
A. Sole Proprietorship: This type of business is owned and operated by one individual, who assumes all the responsibilities and liabilities of the business.
B. General Partnership: A general partnership is a business structure where two or more individuals share the ownership, management, and profits of the business. Each partner contributes to the business and shares in the business's profits, losses, and liabilities.
C. Corporation: A corporation is a legal entity that is separate from its owners, known as shareholders. In a corporation, ownership is determined by shares of stock, which can be owned by multiple individuals. However, each share of stock represents only a fractional ownership interest in the corporation. Shareholders have limited liability in the corporation's debts and obligations.
Out of these options, only a sole proprietorship (option A) has a single owner. The owner has complete control and discretion over the business's operations, profits, and decision-making.
It's important to note that the answer could vary depending on the context and additional details of the question, but based on the information provided, A. sole proprietorship is the most fitting answer.