A ________ Is an Unincorporated Company Owned by Two or More

question 70

Multiple Choice

A ________ is an unincorporated company owned by two or more people.

• A) limited company
• B) partnership
• C) corporation
• D) S corporation
• E) proprietorship

---

Definitions:

Monopoly

A monopoly is a market structure where a single firm has exclusive control over the market supply of a product or service, often leading to higher prices for consumers.

Megawatts

A unit of power equal to one million watts, often used to describe the output capacity of power plants or the amount of electricity required by large entities.

Rent-Seeking Behavior

Actions by individuals or companies to increase their own wealth without creating new wealth or value, often through manipulating the environment in which economic activities occur.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or reimburses them for expenses incurred from illness or injury.