If Two or More People Are Going into Business Together

question 109

Multiple Choice

If two or more people are going into business together, what are their choices in forms of business ownership?

• A) Sole proprietorship and partnership
• B) Partnership and corporation
• C) Corporation and sole proprietorship
• D) Corporation and joint venture

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Definitions:

Jointly Exhaustive

A condition where all possible outcomes or cases are covered by the set of propositions or options.

Equally Abstract

Pertaining to concepts or ideas that are similarly removed from concrete reality and difficult to define precisely.

Organizing Concepts

Principles or ideas that are used to structure and categorize understanding or knowledge.

Religious Affiliations

The association or connection of an individual or group with a particular religion or belief system.