Which of the Following Forms of Business Ownership Brings in the Most

question 14

Multiple Choice

Which of the following forms of business ownership brings in the most business-generated revenue?

• A) Sole proprietorships
• B) Partnerships
• C) Corporations
• D) Acquisitions

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Definitions:

Court

A governmental institution authorized to resolve legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters.

Reasonable Time

A legal concept indicating the period within which actions must be taken or conditions fulfilled, considered fair and appropriate under the circumstances.

Fraudulent Misrepresentation

This is a false statement of fact made deceitfully to induce another party to enter into a contract, resulting in harm or loss.

Consequential Damages

Losses that do not flow directly and immediately from an act but only from some of the consequences or results of the act.