Which of the Following Is Not a True Business Entity

question 14

Multiple Choice

Which of the following is not a true business entity?

• A) an LLC
• B) an LLP
• C) a franchise
• D) a sole proprietorship

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Seasonal Variation

Fluctuations in business activity, sales, or other economic indicators that occur at regular intervals based on the season.

ACCC

The Australian Competition and Consumer Commission, a regulatory body responsible for enforcing laws to prevent unfair market practices and protect consumer rights.

Market Power

The ability of a company or entity to influence the price and output levels in the market.