Under Which of the Following Types of Business Organization Is

question 14

Multiple Choice

Under which of the following types of business organization is the ownership transferable to another person?

• A) Sole proprietorship, general partnership, limited liability company, and corporation.
• B) General partnership, limited liability company, and corporation, but not sole proprietorship.
• C) Limited liability company and corporation, but not sole proprietorship or general partnership.
• D) Corporation, but not sole proprietorship, general partnership, nor limited liability company.
• E) Corporation and general partnership, but not sole proprietorship nor limited liability company.

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Definitions:

Lessor's Tax Rate

The tax rate applicable to a lessor, the entity that leases out a property or asset, on the income generated from the lease.

Borrowing Increases

The act of increasing the amount of money borrowed, which typically leads to higher debt levels and potentially increased interest expenses.

Purchase Price

The amount paid to buy a good, service, or financial asset.

Off-Balance Sheet Lease Financing

Off-balance sheet lease financing involves leasing arrangements that are not recorded on a company's balance sheet, potentially making a company's financial condition appear stronger than it actually is.