Amanda Has Always Been Inclined Toward Baking and Wants to Open

question 80

Multiple Choice

Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and starts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____.

• A) owns a limited liability company
• B) has a sole proprietorship
• C) has a general partnership
• D) owns a statutory close corporation

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Definitions:

Emerald Buddha

A revered jade statue of the sitting Buddha, considered the palladium of Thailand, housed in Bangkok's Wat Phra Kaew.

Secular Authority

Secular Authority refers to the organization and exercise of power outside of religious institutions, typically involving the governance and administration of civil affairs.

Religious Authority

The power or right to govern and enact laws or standards within a particular religion, often held by leaders or sacred texts.

Taj Mahal

A mausoleum located in Agra, India, built by Mughal Emperor Shah Jahan in memory of his wife Mumtaz Mahal, recognized for its stunning architecture and garden.