The Form of Business Ownership That Gives the Owner Total

question 53

Multiple Choice

The form of business ownership that gives the owner total control of how the business is run is the

• A) Subchapter S corporation.
• B) partnership.
• C) corporation.
• D) limited partnership.
• E) sole proprietorship.

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Definitions:

HR Supply

The source of human capital to meet demand requirements, obtained either internally (current members of the organization's workforce) or from external agencies.

Human Resources

The department of a business or organization that deals with the hiring, administration, and training of personnel.

Firm Strategy

Firm strategy is a company’s plan to achieve its objectives and gain competitive advantage, guiding decisions on products, services, markets, and resources.

Environmental Scanning

The process of gathering, analyzing, and interpreting information about external factors that can affect an organization's future.