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Firms That Are Basically Under the Control of a Single

question 46

Multiple Choice

Firms that are basically under the control of a single individual and produce a limited number of products/services are referred to as following ______ mode.


Definitions:

Assets

Resources owned by a person or company that have economic value or can provide future benefits, such as cash, property, or investments.

Equipment

Tools, machinery, or other necessary items for a particular purpose or activity.

Stockholders' Equity

The ownership interest of shareholders in a corporation, represented by the company's assets minus its liabilities.

Ownership Claim

A declaration or assertion of legal rights to possess and use property.

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