A Is the Easiest and Least Expensive Way to Create

question 31

Multiple Choice

A is the easiest and least expensive way to create a business organization.

• A) sole proprietorship
• B) general partnership
• C) public corporation
• D) limited liability company

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses, managed through a system of replenishment.

Misc. Expense

Miscellaneous Expenses, generally small or irregular costs that don't fit into other categories of a company's financial statements.

Petty Cash Fund

A small amount of cash kept on hand for minor, incidental expenses.

Replenishment

The process of replenishing inventory or stock to ensure that the optimal inventory level is maintained.