Match the Following Characteristics with the Form of Business Entity

question 94

Multiple Choice

Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Comprises 70% of business entities in the United States

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

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Definitions:

Commercial Real Estate

Property that is used solely for business purposes, which may be leased out to provide a workspace rather than a living space.

Peruvian Restaurant

An eating establishment that specializes in the cuisine of Peru, often featuring dishes like ceviche, lomo saltado, and aji de gallina.

Economic Profit

The distinction between overall income and total expenditures, encompassing both direct and indirect costs.

Dude Ranch

A vacation destination that mimics the lifestyle of a working ranch, offering guests experiences such as horseback riding, cattle driving, and other outdoor activities.