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:

Book Value

The net value of a company's assets minus its liabilities, often used to estimate the value of a company if it were to be liquidated.

Vertical Acquisition

A corporate strategy where a company acquires another company that operates in the production process of the same industry, either as a supplier or distributor.

Conglomerate Acquisition

A type of corporate takeover where a large, multi-industry company acquires another business that may be in an unrelated industry.

Forward Acquisition

A strategy involving the purchase of a company with the aim of gaining access to its assets, technology, or market position in the future.