Which of the Following Is NOT an Appropriate Legal Structure

question 8

Multiple Choice

Which of the following is NOT an appropriate legal structure for an entrepreneurial company?

• A) Proprietorship
• B) Corporation
• C) Partnership
• D) Trade alliance
• E) All of these are appropriate legal structures for an entrepreneurial company.

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Definitions:

Spending Variances

Differences between actual spending and budgeted amounts in a company's budget, indicating over or underspending.

Departmental Managers

Individuals responsible for overseeing the operations of specific departments within an organization, ensuring goals and objectives are met.

Budgeting

Budgeting is the process of creating a plan to spend your money, allocating financial resources to various tasks or departments within an organization.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses over a particular period.