Examlex
Which of the following statements about youth participation in the 2008 presidential election is true?
Proprietorships
Business entities owned by one individual, where there is no legal distinction between the owner and the business.
Partnerships
A form of business organization in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.
Cooperatives
Business organizations owned and operated by a group of individuals for their mutual benefit, where members democratically control the operations and profits are distributed according to each member's contribution.
Legal Taxable Entity
An organization or individual subject to tax laws, with an obligation to file tax returns and pay taxes based on income or transactions.
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