What Type of Business Entity Is a Business Organization Like

question 34

Multiple Choice

What type of business entity is a business organization like a general partnership in that it consists of two or more people who are co-owners of a business for profit but not all of the co-owners of the business are involved in the management and operation of the business?

• A) Limited partnership
• B) Business corporation
• C) Limited liability partnership
• D) Limited liability company

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Definitions:

Equilibrium Expression

A mathematical representation of the ratio of the concentrations of products to reactants at equilibrium, indicating the extent of a reaction.

Reaction

A process in which substances interact, leading to the transformation of chemical substances into others through the making and breaking of chemical bonds.

Arsenic

A toxic metalloid element with the symbol As, used in various alloys, semiconductors, and as a poison.

Comprehensive Environmental Response

A part of environmental policy that involves the approach taken by a governing body to address and manage the cleanup of hazardous substances that pose a threat to the environment and public health.