Which Type of Business Organization Has All the Respective Rights

question 59

Multiple Choice

Which type of business organization has all the respective rights and privileges of a legal person?

• A)sole proprietorship
• B)general partnership
• C)limited partnership
• D)corporation
• E)limited liability company

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Definitions:

Moderate Risk

A level of risk that is considered to be within an acceptable range for investment or action, balancing potential loss against potential gain.

Sense of Order

The perception or arrangement of things in a methodical, organized manner, often leading to efficiency and ease of understanding.

Solitary Work

Tasks or activities performed independently without collaboration or interaction with others.

Trustworthiness

The quality of being reliable, honest, and capable of being trusted, often seen as a foundational element in successful relationships and transactions.