3
QuizMultiple Select

Business Structures

Question 3 • * HSA 26-27 Economics

Which are examples of sole proprietorships? Check all that apply.lawyers working for a corporationdoctors in a partnershipindependent workersfranchise restaurants in a partnershiptax preparer working his own businessfreelance writers

Answer
l
lawyers working for a corporation
d
doctors in a partnership
i
independent workers
f
franchise restaurants in a partnership
t
tax preparer working his own business
f
freelance writers

Explanation

A sole proprietorship is a business owned by one person. Independent workers and freelance writers often work for themselves, and a tax preparer running their own business is also a sole proprietor. Lawyers working for a corporation and doctors or restaurant owners in a partnership are part of businesses with other owners or an employer, so they are not sole proprietorships.

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