Which of the Following Forms of Organization Is a Compromise

question 9

Multiple Choice

Which of the following forms of organization is a compromise between starting one's own business as an entrepreneur and working for someone else as an employee?

• A) Limited liability company.
• B) Business trust.
• C) Close corporation.
• D) Franchise.

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Definitions:

Proportion

A statistic that measures the fraction of the total number of items in a set that are of a particular category or characteristic.

Poisson Distribution

A probability distribution that describes the occurrence of rare events or the number of events in fixed intervals of time or space.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Stratified Random Sample

A sampling method that divides the population into strata, or subgroups, and selects random samples from each stratum to ensure representation.