In Order of Their Frequency,what Are the Three Basic Forms

question 52

Multiple Choice

In order of their frequency,what are the three basic forms of business organization?

• A) proprietorships, corporations, partnerships
• B) corporations, proprietorships, partnerships
• C) partnerships, proprietorships, corporations
• D) proprietorships, partnerships, corporations
• E) corporations, partnerships, proprietorships

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Definitions:

Service Representative

An individual who represents a company or service, providing assistance, information, and support to customers or clients.

Vendor

A third-party supplier or service provider that sells products or services to organizations or individuals.

Contingency Fund

A reserve of money set aside to cover unexpected costs or financial shortfalls during a project.

Organization Type

Categorizes an entity based on its purpose, structure, and operations, such as non-profit, corporation, or government entity.