A small neighborhood barber shop that is operated by its owner would likely be organized as a proprietorship.
Option C is corect.
What is proprietorship?
A proprietorship means a sole proprietorship. It means an individual can commence the business itself.
In case of proprietorship business, the risk and the liabilities all would lie on the owner itself that commence the business is a proprietorship.
It is that kind of business concern organization which is possessed or owned, managed and controlled by a single person as an owner.
In the above case, if the small neighborhood barber commence his business, then he would operate as a proprietorship business.
Therefore, option C is correct.
Learn more about the proprietorship, refer to:
https://brainly.com/question/15132409
