Blake, Madison and Sean Started Selling Computer Software on College

question 33

Multiple Choice

Blake, Madison and Sean started selling computer software on college campuses under the name Student Software Company. Each person contributed $1500 toward start-up costs and agreed on dividing costs and profits equally. The legal structure for the company can best be described as a

• A) proprietorship.
• B) partnership.
• C) trade alliance.
• D) corporation.
• E) None of these.

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Definitions:

Emphasize Individual

To give priority or special attention to the needs, rights, or characteristics of individual people.

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, history, and diverse ecosystems.

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and distinctive historical heritage.

Collectivistic

Pertaining to cultures or societies that emphasize the group and its interests over the individual, focusing on community, cooperation, and interdependence.