In South Africa, the Most Common Form of Business Is

question 43

Multiple Choice

In South Africa, the most common form of business is a __________, and the form of business that generates most of the sales and profits is a __________.

• A) company; company
• B) company; proprietorship
• C) proprietorship; partnership
• D) proprietorship; company
• E) company; partnership

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Definitions:

Industry-specific

Pertains to aspects or characteristics unique to a particular industry or sector.

Lemons

A colloquial term in economic theory often referring to products of inferior quality sold because of asymmetric information between buyers and sellers.

Plums

A type of fruit belonging to the genus Prunus, known for its juicy and sweet flesh.

Distinguish

To recognize or point out the differences between two or more things or to identify as distinct.