1. Bernice owns her own local gift shop. She acquired the necessary loans to open it, assumes all the financial risks herself, and makes all the decisions. It sounds like Bernice's business is a/an A. franchise. B. partnership. C. corporation. D. sole proprietorship.

1. Bernice owns her own local gift shop. She acquired the necessary loans to open it, assumes all the financial risks herself, and makes all the decisions. It sounds like Bernice's business is a/an A. franchise. B. partnership. C. corporation. D. sole proprietorship.

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section15.5D: Liabilities And Owners’ Equity

Problem 3CC

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