Which of the Following Refers to a Business Venture That

question 17

Multiple Choice

Which of the following refers to a business venture that has no legal existence apart from the owner?

• A)Corporation
• B)Limited liability company
• C)Sole proprietorship
• D)Partnership

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Definitions:

House of Quality

A comprehensive framework used in the quality function deployment process that translates customer requirements into appropriate company requirements at each stage, from product planning to production.

Value Analysis

A review of successful products that takes place during the production process.

Product Success

The achievement of specific goals set for a product, often measured through metrics such as sales, profitability, market share, and customer satisfaction.

Production Process

A production process is the sequence of operations or stages that convert raw materials or components into finished goods or services.