A Voluntary Association Between Two or More Persons Who Co-Own

question 82

Multiple Choice

A voluntary association between two or more persons who co-own a business for a profit is a(n) ________.

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

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Definitions:

Due Process

A legal principle ensuring fair treatment through the normal judicial system, especially as a citizen's entitlement.

Denied

The refusal to grant a request or deny access to resources or rights.

Promotion

The act of elevating an employee to a higher position within the organization, often accompanied by increased responsibilities and pay.

HR Competencies

The skills, knowledge, and abilities that are crucial for professionals in human resources to effectively manage workforce-related functions.