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.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter6: Managing Start-Ups And New Ventures

Section: Chapter Questions

Problem 3OTJVC

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Question

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.

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