Unit 6 Multiple Choice — The Accounting Equation

DEMO MODE:

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INSTRUCTIONS:

INSTRUCTIONS: Select the best definition (or usage) of the key term (or phrase) below.

noun (thing)

Question 1 of 14

Sole proprietorship

An asset which is not physical in nature, such as branding or a patent.

A business owned and run by one or more people who are related by birth or region.

A type of business entity that is owned and run by one individual.

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