Which of the Following Is a Popular Small Business Form

question 129

Multiple Choice

Which of the following is a popular small business form because it is easy to start and has few legal requirements?

• A) A partnership
• B) A proprietorship
• C) A corporation
• D) An association
• E) A trade alliance

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Definitions:

VMPL Curve

A graphical representation showing the value of the marginal product of labor, which changes as more labor is employed.

Technological Advance

The development and application of new technologies or improvements in existing technologies, leading to greater efficiency or new capabilities.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.

Power Cords

Electrical cables used to connect appliances and electronic devices to the main electricity supply in order to power them.