A Business Created as a Distinct Legal Entity Composed of One

question 153

Multiple Choice

A business created as a distinct legal entity composed of one or more individuals or entities is called a:

• A) Corporation.
• B) Sole proprietorship.
• C) General partnership.
• D) Limited partnership.
• E) Unlimited liability company.

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Definitions:

Number of Steps

Refers to the total count of individual actions or sequences in a process or procedure, often used in programming to outline complexity or length.

U.S. Government Bonds

These are securities issued by the United States Department of the Treasury, which represent loans made by investors to the federal government.

Fine Art

A category of art that is considered to be created primarily for aesthetic and intellectual purposes and judged for its beauty and meaningfulness.

Silver

A precious metal used for investment, industrial applications, and jewelry, known for its conductivity and antibacterial properties.