Which Type of Business Has the Least Government Rules and Regulations

question 31

Multiple Choice

Which type of business has the least government rules and regulations affecting it?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)They all have the same set of rules and regulations affecting them.

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Definitions:

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Competition

The rivalry between businesses or individuals for customers, market share, or achievement within an industry, sport, or another domain.

Utility

The total satisfaction or benefit derived from consuming a product or service.

Marketing

The activity of producing, conveying, distributing, and trading goods and services that are valuable to consumers, clients, allies, and the broader community.