Since a Corporation Is a Legal Structure Reserved for Large

question 125

True/False

Since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership.

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Definitions:

Manufacturing Company

An entity engaged in the production of goods using labor, machines, and materials.

Condensation Polymer

A type of polymer formed by the condensation reaction between monomers, releasing a small molecule such as water when they react.

Poly(Ethylene Terephthalate)

A thermoplastic polymer used in fibers for clothing, containers for liquids and foods, and in thermoforming for manufacturing.

Orlon

A synthetic fiber made from a polymer acrylonitrile, used primarily in textiles.