Without Creating a Separate Business Organization, Rey Starts Up Street

question 52

Multiple Choice

Without creating a separate business organization, Rey starts up Street Cruisers, a pre-owned auto sales enterprise. This enterprise is

• A)none of the choices.
• B)a corporation.
• C)a franchisee.
• D)a sole proprietorship.

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Definitions:

Low-Value

Describes products, services, or assets that are considered to have a minimal worth or importance in comparison to others.

Bid-Rigging Cartel

An illegal agreement among competitors to fix bidding prices, eliminating competition in the market.

Winning Bid

refers to the highest offer made in an auction that is accepted by the seller, resulting in a sale.

Bidders Values

The subjective valuation individual bidders place on the item or service being auctioned.