A Business Structure in Which the Business Owners Share the Management

question 136

Multiple Choice

A business structure in which the business owners share the management and all of the risk of a business is called a ______.

• A) sole proprietorship
• B) general partnership
• C) limited partnership
• D) corporation

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Definitions:

Internet Servers

Machines or computer programs that serve the requests of other programs (clients) within a network, providing essential services such as web hosting, email, and data storage.

Returns to Scale

The rate at which production increases in response to proportional increases in all inputs.

Marginal Product

The extra yield generated from the utilization of one additional unit of a certain input while maintaining the levels of all other inputs unchanged.

Labor Hours

The total number of hours worked by all employees of a company.