The Simplest Form of Business Owned and Operated by One

question 45

Multiple Choice

The simplest form of business owned and operated by one person is called a(n)

• A) franchise.
• B) partnership.
• C) S-corporation.
• D) sole proprietorship.
• E) syndicate.

Understand the different types of partnerships and their characteristics.

Identify the legal implications of partnership actions and decisions.

Recognize the rights and liabilities of partners in various partnership scenarios.

Comprehend how partnerships are formed and dissolved.

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Definitions:

Nasogastric (NG) Tube

A medical device inserted through the nose down into the stomach to deliver food, medication, or remove stomach contents.

Abdominal Decompression

A medical procedure or treatment aimed at relieving increased pressure within the abdomen, which can compromise blood flow and organ function.

Gastric Suction

A procedure to remove the contents of the stomach, often using a tube inserted through the nose or mouth, for various medical reasons.

Water-Soluble Lubricant

A lubricating substance that dissolves in water, often used medically to ease insertion of devices or during examinations.