If a Growing Organisation Wanted to Set Itself Up So

question 95

Multiple Choice

If a growing organisation wanted to set itself up so it had greater access to a wider range of capital,it would become a:

• A) sole proprietorship.
• B) partnership.
• C) general partnership.
• D) listed corporation.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period of time.

Price Floor

A government- or authority-imposed minimum price that can be charged for a commodity, often set above the equilibrium price, leading to a potential surplus of the product.

Equilibrium Price

The price where the availability of goods in the market equates to the quantity desired by buyers.