After a few years, one of the two brothers no longer wanted to be an owner of the business and sold his half of the business back to his brother. For the next few years, Domino’s operated as what type of business?Multiple Choicesole proprietorshipnonprofit corporationpartnershippublic corporationquasi-public corporation
Question
After a few years, one of the two brothers no longer wanted to be an owner of the business and sold his half of the business back to his brother. For the next few years, Domino’s operated as what type of business?Multiple Choicesole proprietorshipnonprofit corporationpartnershippublic corporationquasi-public corporation
Solution
The answer is sole proprietorship. After one brother sold his half of the business to the other, only one person owned the business. This is the definition of a sole proprietorship - a business owned and run by one individual.
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