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__________ Refers to an Unincorporated Business Owned by an Individual

question 115

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__________ refers to an unincorporated business owned by an individual for profit.


Definitions:

Markup Percent

The ratio by which the cost of a product is increased to arrive at its selling price, expressed as a percentage of the cost.

Travel Agent

A professional who arranges travel for individuals or groups, including accommodations, transportation, and itineraries.

Dollar Markup

The difference between the selling price of an item and its cost, expressed in dollar terms.

Water Color Paintings

A form of painting that uses pigments suspended in a water-based solution, often characterized by fluid and translucent layers.

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