Which type of business offers the best chance for quick decision-making?

Question 8 options:

Sole proprietorship

General partnership

Corporation

Limited partnership

I think ether Corporation or Sole proprietorship

The correct answer is the option A: Sole proprietorship

Explanation:

A sole propietorship, or also known as individual entrepreneurship, is the name given, in the field of business law, to the term that refers to a type of business whose main characteristic is that it is owned and run by a single person, who states to be the only person that makes the decisions, gain all of the profits but also faces all of the debts and losses. Moreover, accoding to the law, there is no difference between the figure of the person and the entity and he has unlimited responsibility for all the actions that are made, therefore that this type of business offers the best chance for quick decision-making.