Stephen Decides His Business Will Begin Staying Open Until 7

question 161

Multiple Choice

Stephen decides his business will begin staying open until 7 p.m.instead of 6 p.m.The next day, the shop stays open until 7 p.m.This environment of flexibility to quickly change is characteristic of what form of business organisation?

• A) Corporation
• B) Partnership
• C) S-corporation
• D) Flexible partnership
• E) Sole trader

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Definitions:

Land Purchases

Transactions involving the buying of land property.

Walt Disney Productions

Walt Disney Productions is a historic name for The Walt Disney Company, an American diversified multinational entertainment and media conglomerate known for its film studio and theme parks.

Ratification

The official approval of a contract or agreement, making it valid and enforceable.

Exceeded Authority

Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.