A ________ Is a Business That Is Jointly Owned by Two

question 4

Multiple Choice

A ________ is a business that is jointly owned by two or more individuals.

• A)partnership
• B)sole proprietorship
• C)subchapter S corporation
• D)corporation

---

Definitions:

Personnel Expenses

Costs associated with employing staff, including wages, benefits, and taxes.

Client-visits

Meetings or engagements with clients outside the company's premises for business discussions or services.

Activity Variance

The variance between the projected budget for a task and the actual expenses incurred.

Budgeting

The process of creating a plan to spend your money by estimating the revenue and expenses for a future period, used as a financial guide.