Which Type of Business Is the Most Difficult to Set

question 23

Multiple Choice

Which type of business is the most difficult to set up?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)There is no difference in the difficulty of establishment.

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Definitions:

Antitrust Jurisdiction

The legal authority granted to courts or regulatory bodies to oversee, enforce, and regulate laws that promote competition and prevent monopolistic practices.

Federal

Federal refers to the central or national government and its functions, laws, and powers within a country, as distinguished from state, provincial, or local governments.

Monopolization

The dominance of a market sector by a single company, restricting competition and controlling prices and production.

Sherman Act

A landmark federal statute in the field of U.S. antitrust law passed by Congress in 1890, which prohibits monopolistic business practices and promotes competition.