Laura Owns and Operates Meditation Center Without Creating a Separate

question 31

Multiple Choice

Laura owns and operates Meditation Center without creating a separate business organization. She receives all the profits from the fees for the classes and the sales of the center's merchandise. This is most likely

• A) a general partnership.
• B) a limited liability partnership.
• C) a sole proprietorship.
• D) a limited liability company.

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Definitions:

Chi-square Value

A statistical measure used in the chi-square test to compare observed data with data expected to be obtained under a specific hypothesis.

One-tailed Test

A statistical test in which the region of rejection is on only one side of the sampling distribution.

Level of Significance

A predetermined threshold in hypothesis testing, below which the null hypothesis is rejected, indicating statistical significance.