A Defining Difference in What Makes a Firm a Sole

question 6

Multiple Choice

A defining difference in what makes a firm a sole proprietorship, partnerships, or a corporation is the:

• A) size of each type of business.
• B) number of each type of business.
• C) nature of ownership and accountability for each type of business.
• D) profitability of each type of business.

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Definitions:

Nigerian

Pertaining to Nigeria, a country located in West Africa, known for its diverse cultures, languages, and as one of the largest economies and populations on the continent.

Kinship Terminology

The system of terms and classifications societies use to refer to relatives and define relationships among family members.

Genealogical Differences

Variations or distinctions found within family lineages or ancestries, which can impact inheritance, cultural identity, and social standing.

Totems

Objects, animals, or plants considered by certain societies to have spiritual significance and often acting as emblems for clans or families.