Which Form of Business Organization Is Characterized by Having the Shortest

question 36

Multiple Choice

Which form of business organization is characterized by having the shortest start-up time and lowest legal costs?

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

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Definitions:

Assumptions

Premises or statements accepted as true without needing proof, used as the basis for reasoning, discussion, or calculation.

Normally Distributed

Refers to a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Equal Variances

A term referring to situations where different samples or populations have similar or identical variability or spread in their data.

ANOVA

A statistical method, Analysis of Variance, used to compare the means of three or more samples to understand if at least one sample mean significantly differs from the others.