The correct answer is D. Sole proprietorship
Explanation:
In business, the term sole proprietorship, also known as individual entrepreneurship refers to a type of business which is owned and ruled by one individual. A sole proprietorship does not imply the person works alone as she or he can hire employers to help her/him; however, the responsibility for the profits or losses of the business rely on the owner. Additionally, this type of business differs from others because it is an unincorporated business, which means the legal identity of the business is not different from the identity of the owner. Thus, an incorporated business owned by a single person is an example of a sole proprietorship, as this is the term when a business is ruled and owned by only one person and this person has all the responsibility for it.
