The Three Basic Legal Forms of Business Enterprise Are

question 116

Multiple Choice

The three basic legal forms of business enterprise are

• A) monopolists, competitors, and enterprises.
• B) vertical, horizontal, and conglomerate corporations.
• C) conglomerates, multinationals, and partnerships.
• D) proprietorships, partnerships, and corporations.

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning they have no preference for one bundle over another.

Oreos

Oreos are a popular brand of sandwich cookies consisting of two chocolate wafers with a sweet cream filling in between.

Apples

Edible fruits produced by an apple tree, characterized by their sweet taste and used in a wide variety of foods and drinks.

Indifference Curve

A graph showing a combination of two goods that give a consumer equal satisfaction and utility, thereby indicating the consumer's preferences.