Conchita, Kibwana, and Ravi Started Selling Computer Software on College

question 31

Multiple Choice

Conchita, Kibwana, and Ravi started selling computer software on college campuses under the name Student Software Company. Each person contributed $1500 toward start-up costs and agreed on dividing costs and profits equally. The legal structure for the company can best be described as a

• A) proprietorship.
• B) partnership.
• C) trade alliance.
• D) corporation.
• E) None of these.

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Definitions:

Unusualness

Refers to the state of being odd, rare, or uncommon in any given context.

Exorcism

A religious or spiritual practice of evicting demons or other spiritual entities from a person or area they are believed to have possessed.

Herbal Medication

The use of plants or plant extracts for medicinal purposes to treat or prevent various diseases.

Relaxation

A state of reduced tension and anxiety, often achieved through techniques like meditation, deep-breathing exercises, or leisure activities.