Which One of the Following Forms of Business Organization Offers

question 25

Multiple Choice

Which one of the following forms of business organization offers liability protection to some of its owners but not to all of its owners?

• A)Sole proprietorship
• B)General partnership
• C)Limited partnership
• D)Limited liability company
• E)Corporation

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Definitions:

Temporal Aggregation

The process of combining or summarizing time-series data over longer time periods to simplify analysis, reduce variability, and identify trends.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out.

Responsiveness

The ability of a company or system to quickly and effectively respond to customer needs, changes in the market, or operational challenges.

Transportation Costs

Expenses associated with the movement of goods or materials from one location to another, including shipping, freight, and logistics costs.