Which Legal Form of Business Has the Ability to Attract

question 85

Multiple Choice

Which legal form of business has the ability to attract the greatest amount of capital from investors?

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

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Definitions:

Actual Costs

The real expenses that a company incurs in producing goods or services.

Standard Costs

Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual production costs.

Efficiency

The degree to which a process uses resources optimally to achieve a desired outcome.

Standards

Established norms or criteria in various fields that act as a basis for comparison or compliance.