Question

Kendra decided to leave her job in the city and move to the country where she plans to start her own business selling homemade preserves, soaps, lotions, and candles. Kendra’s business would be:___________.A. a sole proprietorship.B. a partnership.C. a private investment.D. employee owned.E. owned by stockholders.

Answer 1

Answer:

A

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person
2. the business has unlimited liability
3. the business has limited access to capital
4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies
5. the business is usually not separated from the owner