Question

Which of the following types of business entities is owned by one individual?

a. Corporation
b. Partnership
c. Proprietorship
d. Limited liability company (LLC)

Answer 1

A sole proprietorship is a type of business entity that is owned by one individual.

Step-by-step explanation:

The type of business entity that is owned by one individual is called a sole proprietorship. A sole proprietorship is a business organization that is owned and operated by a single individual. In this type of business structure, the owner has complete control over the business and is personally responsible for all debts and liabilities.

Answer 2

Answer:
C. Proprietorship.

Step-by-step explanation:

A proprietorship is owned by one individual, making them personally responsible for the business, while a corporation, partnership, and LLC involve shared ownership or separate legal entities.