Which Type of Business Is Legally Considered a Separate Entity

question 115

Multiple Choice

Which type of business is legally considered a separate entity from its owners and is liable for its own debts?

• A) Sole proprietorship
• B) Corporation
• C) Limited partnership
• D) Cooperative
• E) General partnership

---

Definitions:

Identical Twins

Twins who develop from a single fertilized egg that splits and forms two embryos, sharing 100% of their DNA.

Raw Scores

The original, unmodified scores obtained in any test or assessment before any transformations, such as standardization, are applied.

IQ Tests

Standardized tests designed to measure human intelligence and cognitive abilities.

Developed Countries

Nations with relatively high levels of economic development and standard of living, often characterized by high gross domestic product (GDP) per capita, advanced technological infrastructure, and a wide range of services available to citizens.