Which of the Following Is NOT an Appropriate Legal Structure

question 8

Multiple Choice

Which of the following is NOT an appropriate legal structure for an entrepreneurial company?

• A) Proprietorship
• B) Corporation
• C) Partnership
• D) Trade alliance
• E) All of these are appropriate legal structures for an entrepreneurial company.

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses.

Forecasting

The process of making predictions of future outcomes based on past and present data and analysis, commonly used in finance, sales, and weather predictions.

Cash Flow

The total amount of money being transferred into and out of a business, indicating its financial health.

Pro Forma Statements

Financial statements that project the future financial performance of a company, based on certain assumptions.