Julia Owns and Operates Collectable Dolls Without Creating a Separate

question 61

Multiple Choice

Julia owns and operates Collectable Dolls without creating a separate business organization.She receives all the profits from the doll sales.Collectable Dolls is most likely a

• A)a corporation.
• B)a limited liability company.
• C)a partnership.
• D)a sole proprietorship.

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Definitions:

Cumulative Lead Time

The total time required to manufacture and deliver a product, including all processes from raw materials to finished goods.

Assembly

The process of putting together various components or parts to build a finished product.

Procurement

The process of obtaining goods or services, typically for business purposes, which includes selecting suppliers, negotiating contracts, and strategic sourcing.