Which of the Following Is the Form of Business Ownership

question 23

Multiple Choice

Which of the following is the form of business ownership used by most public accounting firms?

• A)limited liability partnership
• B)C corporation
• C)S corporation
• D)general partnership

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Definitions:

Material Success

The achievement of wealth, possessions, or other physical resources, often viewed as an indication of prosperity or financial achievement.

Arab Americans

Individuals in the United States of Arab descent, who bring a rich cultural heritage and may identify with various national backgrounds.

External Environment

The conditions, entities, events, and factors surrounding an organization that influence its activities and choices but are not within its control.

Natural Disaster

Severe and unexpected events caused by natural processes of the Earth, such as earthquakes, floods, hurricanes, and tornadoes, leading to potential harm to people and property.