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Mark Is the Owner of a Local Shoe Business

question 56

Multiple Choice

Mark is the owner of a local shoe business. He has fifteen employees who report directly to him, he makes all the decisions regarding the type and quality of shoes, and he looks after the shop's finances. Which type of organizational structure does Mark have?


Definitions:

Total Amount

The entire sum of money required for or received from a transaction.

Exact Simple Interest

Interest calculated exactly on the principal amount of a loan or investment, without compounding, over a specific period of time.

365-Day Year

A calendar year approach used in financial calculations, assuming the year has exactly 365 days for the purpose of interest computation.

Hair Salon

A business establishment offering services related to hair treatment, such as cutting, coloring, and styling.

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