Examlex

Solved

Use the Following to Answer Questions

question 12

Multiple Choice

Use the following to answer questions :
-shah


Definitions:

Business Entities

Organizations established as separate legal entities for the purpose of conducting business, such as corporations, partnerships, and sole proprietorships.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual, who bears unlimited liability.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.

Capital Account Balance

The amount of money in a company's or individual's capital account, indicating the net investment in the entity at a specific point in time.

Related Questions