Blake, Madison and Sean Started Selling Computer Software on College

question 93

Multiple Choice

Blake, Madison and Sean started selling computer software on college campuses under the name Student Software Company. Each person contributed $1,500toward 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) a partnership.
• C) a trade alliance.
• D) a corporation.
• E) none of these.

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Definitions:

Birth Defects

Abnormalities of structure, function, or body metabolism present at birth that may lead to physical or mental disabilities.

Anemia

A medical condition characterized by a deficiency in the number or quality of red blood cells, which can lead to fatigue and other symptoms due to a lack of oxygen transport in the body.

Basal Metabolic Rate

The amount of energy expended while at rest in a neutrally temperate environment, necessary to maintain the function of the body's vital organs.

Resting Energy Expenditure

The amount of energy, measured in calories, that a person's body needs to maintain basic physiological functions while at rest.