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Which of the Following Is the Simplest Form of Business

question 13

Multiple Choice

Which of the following is the simplest form of business organization?


Definitions:

Rare Earth Minerals

A group of seventeen metallic elements critical for various high-tech and renewable energy technologies.

Principal

The primary party involved in a contract or transaction, or the amount of money originally invested or loaned, before interest.

Agent

A person or entity authorized to act on behalf of another, usually in business transactions or negotiations.

Separate Accounts

Financial accounts that are segregated for individual investors, common in insurance and investment management.

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