Trilane Systems Is a Small Business

question 74

Multiple Choice

Trilane Systems is a small business.Its owner, Myra, is also its only employee.She handles the business's operations herself and is responsible for all of the business's income and losses.In the context of the legal forms of business, Trilane Systems is a

• A)limited liability partnership.
• B)sole proprietorship.
• C)Subchapter S Corporation.
• D)general partnership.

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Definitions:

Problem Solving

The process of finding solutions to difficult or complex issues.

Major Change

Significant alterations in one's life or environment, such as career shifts, personal or family transitions.

Problem Solving

The process involved in finding a solution to a challenging situation or overcoming an obstacle.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.