I think the answer to this one is C but im not sure help please.
Which term is used to describe businesses owned by a single individual?
A. corporations
B. monopolies
C. partnerships
D. sole proprietorships
No.
it was D i got it :)
To determine the correct answer, let's break down each of the options:
A. Corporations: Corporations are legal entities that are separate from their owners. They have shareholders and are typically owned by multiple individuals.
B. Monopolies: Monopoly refers to a situation where a single company dominates the market and has exclusive control over a particular product or service.
C. Partnerships: Partnerships are business structures where two or more individuals share ownership and responsibility for the company.
D. Sole proprietorships: Sole proprietorships are businesses owned and managed by a single individual. In this type of business entity, the owner has complete control and is personally responsible for any debts or liabilities.
Based on the above explanations, the correct answer to the question is D. Sole proprietorships. It describes businesses owned by a single individual.