A Business Created as a Distinct Legal Entity Composed of One

question 59

Multiple Choice

A business created as a distinct legal entity composed of one or more individuals or entities is called a:

• A) corporation.
• B) sole proprietorship.
• C) general partnership.
• D) limited partnership.
• E) unlimited liability company.

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Definitions:

Unlawful Conduct

Actions that violate statutory law, often reflecting behavior considered criminal or illegal.

Code of Conduct

A collection of rules intended to establish proper conduct for individuals within a specific group, organization, or profession.

Cultural Integrity

Cultural Integrity refers to the preservation, respect, and maintenance of the customs, practices, and identity of a culture, preventing its dilution or loss over time.

Code of Conduct

A set of rules and guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.