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:

Majority Vote

A decision-making rule where the option that receives more than half of the votes is chosen.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by many people simultaneously without depletion.

Pareto Optimal

A scenario in resource distribution where it's impossible to benefit one individual through reallocation without causing harm to another individual.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no one can be effectively excluded from use and one person's use does not diminish another's.