The Most Simple Form of Business Ownership Is

question 43

Multiple Choice

The most simple form of business ownership is...

• A) limited partnerships.
• B) limited liability partnerships.
• C) sole proprietorship.
• D) S corporation.
• E) joint venture.

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Definitions:

Economic Interests

The financial stakes or concerns in a policy, project, or action that motivates individuals, groups, or nations.

Popular Sovereignty

The idea that a state's power and governance are established and upheld with the approval of its citizens, via their chosen delegates.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a weak federal government and was eventually replaced by the current U.S. Constitution in 1789.

Armed Forces

The combined military forces of a nation, including its army, navy, air force, and other branches, responsible for defense and other state-sanctioned activities.