Which of the Following Legal Forms of Business Is Owned

question 90

Multiple Choice

Which of the following legal forms of business is owned and usually operated by one person who is responsible for its debts?

• A) corporation
• B) general partnership
• C) sole proprietorship
• D) cartel

---

Definitions:

Confidence Interval

A range of values derived from sample data that is likely to contain the true value of an unknown population parameter.

Population Means

The average of a set of characteristics or measurements for an entire population.

Alternative Hypothesis

A hypothesis that is adopted when there is sufficient evidence to reject the null hypothesis, often denoted H1.

Population Proportion

The ratio or fraction of members in a population that have a particular characteristic, often denoted by P.