Drusilla owns a large cosmetic store in San Francisco that employs about 25 people. She delegates some of the decision-making to two store managers but otherwise makes all of the decisions and is the only owner. Drusilla's business is organized as a:

Question

Karter

Business

14 March, 00:48

Drusilla owns a large cosmetic store in San Francisco that employs about 25 people. She delegates some of the decision-making to two store managers but otherwise makes all of the decisions and is the only owner. Drusilla's business is organized as a:

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Answers (1)

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Triston Davidson · Answer 1

sole proprietorship.

Explanation:

Sole proprietorship-

It is the simplest form of business, where there is only one and only one person, running the business, is referred to as a sole proprietorship.

It is not a legal entity, with only one head.

All the loss and income are taxed on the very person's income tax return.

It is also known as a sole trader, where the sole trader has the right to take any decision for the company and hence has got the right to employ any person to work under him.

Hence, from the given scenario of the question,

Drusilla owning a large cosmetic store, is an example of sole proprietorship.