Match the Following Characteristics with the Form of Business Entity

question 167

Multiple Choice

Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Generates 90% of business revenues

• A)Proprietorship
• B)Partnership
• C)Corporation
• D)Limited liability company (LLC)

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Definitions:

Nondiscriminating

A principle or practice that ensures equal treatment and opportunities for all, without biases or prejudices based on irrelevant characteristics.

Pure Monopolist

A single seller in a market with no close substitutes for its product, dictating the market terms and prices.

Profit-Maximizing

A strategy where a firm determines the price and output level that returns the greatest profit.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers, often based on their willingness to pay, market segment, or geographical location.