Question

In a sole proprietorship,______________ receive all of the profits. A banks B. owners C. partners D. investors Please select the best answer from the choices provided O:A O:B О:С O:D​

Answer 1

B

Explanation:

I got it right on edge

Answer 2

B. owners

Explanation:

Sole proprietorship can be defined as a type of business that is typically owned by an individual or one person and as such is solely responsible for its debts.

In a sole proprietorship, owners receive all of the profits because they own the business and do not share with any partner.

Basically, a sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax.