Ask Question
12 November, 18:46

Selma owns a roofing business. She enjoys being her own boss, but her satisfaction comes at a price. Her days are filled with organizing the activities of her employees and soliciting new customers. She often misses activities with friends and family because of the obligations of running her own business. She also knows that she has unlimited personal liability for any of her firm's debts. Selma's business is organized as a (n) : A. Joint venture. B. C corporation. C. S corporation. D. Sole proprietorship.

+2
Answers (1)
  1. 12 November, 20:59
    0
    D. Sole proprietorship.

    Explanation:

    We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.

    Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'

    Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Selma owns a roofing business. She enjoys being her own boss, but her satisfaction comes at a price. Her days are filled with organizing ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers