Question

Which is an example of a proprietorship?

A) Patrick and Hermon's pizzeria
B) First Consumer Bank
C) Gloria's flower shop

Answer 1

Gloria's flower shop(C) would be the answer because the other two have more than one person running it

Answer 2

C) Gloria's flower shop

Explanation:

A proprietorship is a company that is owned by one person and the company and the person are not considered separate entities and because of that, the owner is responsible for all the debts. According to this, the example of a proprietorship is Gloria's flower shop as it is own only by one person.