What Is Meant by 'Incorporation' When Talking About Business Structure

question 10

Multiple Choice

What is meant by 'incorporation' when talking about business structure?

• A)The certificate of registration for any type of business
• B)A corporation that has not been registered
• C)The birth of a company,where it is given legal form
• D)A sole trader or a partnership

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Definitions:

Poisson Distribution

A distribution quantifying the chances of a specific amount of occurrences happening within a set period or spatial region.

Probability

A measure of the likelihood that a certain event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Sales

The exchange of a commodity for money; the action of selling something.

Poisson Approximation

A statistical technique used to estimate the probability of a given number of events happening in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.