Which Type of Business Organization Is Owned by Its Shareholders

question 120

Multiple Choice

Which type of business organization is owned by its shareholders?

• A) Corporation
• B) Partnership
• C) Limited liability company
• D) Sole proprietorship
• E) Not-for-profit company

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Definitions:

Monetrary Unit

The standard unit of currency used in a country's monetary system, facilitating the exchange of goods and services.

Medium of Exchange

A mediating device designed to help in the transaction, acquisition, or swapping of items between participants.

Store of Value

An asset that can be saved, retrieved, and exchanged at a later time, and predictably will be able to purchase goods or services equivalent to its current value.

M1 Money Supply

This term describes a category of the money supply that includes all physical money like coins and currency, as well as demand deposits and other liquid assets held by the central bank.