Select the Type of Business That Is Most Likely to Obtain

question 66

Multiple Choice

Select the type of business that is most likely to obtain large amounts of resources by issuing stock.

• A) Partnership
• B) Corporation
• C) Sole proprietorship
• D) None are correct.

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Definitions:

Specific Product

A particular product identified by its unique characteristics or defined specifications, distinguishing it from other products.

Extra Utility

The additional satisfaction gained from consuming one more unit of a good or service.

Production Possibilities Curve

A graph that depicts the maximum feasible amounts of two commodities that a business can produce when those commodities compete for limited resources.

Technological Advance

The process of developing new technologies or improving existing ones to increase productivity or solve problems.