Which Type of Business Organization Has All the Respective Rights

question 2

Multiple Choice

Which type of business organization has all the respective rights and privileges of a legal person?

• A)Sole proprietorship.
• B)General partnership.
• C)Limited partnership.
• D)Corporation.
• E)Cooperative.

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Definitions:

Standard Of Living

Represents the level of wealth, comfort, material goods, and necessities available to a person, community, or society.

Medium Of Exchange

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Commodity Money

Money that has intrinsic value because it is made of materials that hold value, like gold or silver.

Fiat Money

Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.