Which term is used to describe businesses owned by a single individual? a. corporations b. monopolies c. partnerships d. sole proprietorships

The term used to describe businesses owned by a single individual is D. sole proprietorships

Explanation: A sole proprietorship, which can also be called an individual entrepreneurship, is a business or enterprise owned by only one person. The person that owns the business receives all the profits and he/she is also responsible for its debts. Moreover, the trade name of the business can be different from the real name of the owner; however, this fictitious name does not take away his/her responsibility for all the issues related to the business.

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