Which of the Following Types of Business Organizations Requires a Formal

question 124

Multiple Choice

Which of the following types of business organizations requires a formal filing for legally effective creation?​

• A)Sole proprietorship
• B)General partnership
• C)Joint venture
• D)Limited partnership

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Definitions:

Actively Looking

The process in which individuals engage in a diligent search for employment or opportunities, often involving submitting applications and attending interviews.

Supply-Side Shocks

Unexpected events that affect the supply side of the economy, causing shifts in cost and availability of goods and services.

OPEC Policies

OPEC policies are strategies and guidelines adopted by the Organization of Petroleum Exporting Countries to regulate the oil supply in the global market to stabilize oil prices.

Cyclical Unemployment

Unemployment attributed to the natural fluctuations in the economy tied to the business cycle, with higher unemployment during recessions and lower during expansions.