A type of business where there is no legal distinction between the business and its owner is a:Question 5Select one:a.corporation.b.limited liability entity.c.sole proprietorship.d.private placement.

Which form of business ownership is characterized by a single individual owning and operating the business?Question 10Answera.sole proprietorshipb.partnershipc.corporationd.cooperative

Which type of business is owned by shareholders who buy stock in the company?A.CorporationB.Sole proprietorshipC.PartnershipD.Firm

Which of the following is a legal entity?Question 3Select one:a.company.b.partnership.c.sole proprietorship.d.all of the above.

Which below is a type business who caters to their owners? a. Corporation b. Partnership c. Cooperative d. Sole proprietorship

The characteristic of a sole proprietorship would be:Group of answer choicesA business with many owners, where decisions are made by a board and where the liability of the owners is limitedA business with a single owner that makes the business decisions and where the liability of the owner is limitedA business with a group of two or more people, where the business decisions are dependent on agreement and where the liability of the owners is limitedA business with a single owner that makes the business decisions and where the liability of the owner is unlimited