David Has Decided to Open an Auto-Detailing Business

question 67

Multiple Choice

David has decided to open an auto-detailing business.He will pick up an automobile from the client,take it to his parents' garage,detail it,and return it to the client.If he does all of the work himself and takes no legal steps to form a special organization,which type of business organization,in effect,has he chosen?

• A) Limited liability company
• B) Partnership
• C) Corporation
• D) Proprietorship

---

Definitions:

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Predicted Value

An estimated value calculated within the context of a statistical model based on existing observations and variables.

Y-Intercept

The point where a line crosses the Y-axis in a graph or chart.

Pearson r

A statistical coefficient expressing the linear correlation between two variables, ranging from -1 to +1.