Examlex
The nurse is teaching a patient about the practice of chiropractic medicine. Which statement indicates an understanding of the teaching?
Partnership
An official business entity operated by two or more individuals who divide management duties and profit sharing.
Business Ownership
Business Ownership refers to the legal possession of a business, which includes the right to control its operations and profit from its activities.
Sole Proprietorship
A business structure where a single individual both owns and runs the company, bearing unlimited liability for its debts.
Limited Liability Company
A corporate framework that merges the direct taxation benefit of partnerships or sole proprietorships with the corporation's advantage of limited liability.
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