Sovereignty can best be described as .

a government asserting control over and responsibility for its citizens and their actions.

Explanation:

Sovereignty means the power, right and ability of a government to exercise control over itself without any foreign or external control. It means the state of being supreme in authority.

Sovereignty enables a state or a government have total control over its citizens without external influence and also gives a state the capacity to enter into relations with other states. Sovereignty gives power to the people to have their leaders or government elected hence important because such government must be respected due to its sovereign status.

answer; operating revenues;

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return