Which of the Following Organizational Types Results in the Business

question 21

Multiple Choice

Which of the following organizational types results in the business owner having unlimited liability?

• A) Sole proprietorship
• B) LLC
• C) Limited partnership
• D) Corporation

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Definitions:

Statistical Process Control

A system in which management collects and analyzes information about the production process to pinpoint quality problems in the production system.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.