Question

Owner-operator is a type of operating structure in which the owners of a business are directly responsible for its day-to-day operation. Also known, in some cases, as an "independent."

a) True
b) False

Answer 1

Owner-operator is a type of operating structure in which the owners of a business are directly responsible for its day-to-day operation.

Step-by-step explanation:

Owner-operator is a type of operating structure in which the owners of a business are directly responsible for its day-to-day operation. This means that the owner maintains complete control of the business and does not have to consult with others when making decisions. The owner also controls all the income generated by the business. This type of operating structure is also known as an 'independent'. Therefore, the statement is true.