A Business Created as a Distinct Legal Entity Composed of One

question 153

Multiple Choice

A business created as a distinct legal entity composed of one or more individuals or entities is called a:

• A) Corporation.
• B) Sole proprietorship.
• C) General partnership.
• D) Limited partnership.
• E) Unlimited liability company.

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Definitions:

Chinese Yuan

The official currency of the People's Republic of China, used for all forms of legal transactions and financial activities within the country.

Chinese Toy

Refers to toys manufactured in China, often noted for their mass production and global distribution.

Euro

The official currency of the Eurozone, which is used by most European Union countries.

Italian Wine

Wines produced in Italy, known for their rich variety and quality, stemming from many of the country's regions with long-standing traditions in viticulture.