In the Context of Business Ownerships, a _____ Is Established

question 67

Multiple Choice

In the context of business ownerships, a _____ is established when two or more people agree to contribute resources to start and operate a business together.

• A) corporation
• B) limited liability corporation
• C) partnership
• D) social enterprise
• E) business incubator

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Definitions:

Issued

Pertains to securities or other financial instruments that have been officially offered to the public for subscription or sale.

Bond Issue

The process by which a corporation or government raises funds by selling bonds to investors.

Effective Interest Method

A technique used in accounting to allocate the interest expense or income of a bond over its lifetime based on the bond's carrying amount at each interest period.