The Simplest Form of a Business, in Which One Individual

question 108

Multiple Choice

The simplest form of a business, in which one individual owns the business, is entitled to any profits, and is personally liable for all debts or obligations, is known as a

• A) partnership.
• B) professional corporation.
• C) sole proprietorship.
• D) business corporation.

Calculate and interpret the capital intensity ratio.

Understand and calculate the earnings retention ratio.

Determine the external financing need based on changes in sales and operational capacity.

Calculate and interpret the internal growth rate and sustainable growth rate.

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