In a(n) _____,the owner has complete control over the business and can make crucial decisions without anyone else's approval.

A) S corporation
B) joint venture
C) sole proprietorship
D) C corporation
E) cooperative

Learning Objectives

• Acquire knowledge about the essential traits of sole proprietorships, encompassing their dimensions, liability aspects, and managerial control.
• Understand the significance of business ownership configurations on supervisory control, the process of making decisions, and obligations under law.