Amanda Has Always Been Inclined Toward Baking and Wants to Open

question 80

Multiple Choice

Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and starts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____.

• A) owns a limited liability company
• B) has a sole proprietorship
• C) has a general partnership
• D) owns a statutory close corporation

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Definitions:

Net Investment

Gross investment minus depreciation.

Gross Private Domestic Investment

The aggregate amount of investment in physical assets, such as buildings and machinery, by the private sector within a country.

Military Goods

Products and services specifically designed, manufactured, and supplied for use by armed forces.

Intermediate Products

These are goods that are used as inputs in the production of other goods and services, not intended for final consumption.