All of the Following Are Forms of Business Organizations EXCEPT

question 118

Multiple Choice

All of the following are forms of business organizations EXCEPT for the:

• A)proprietorship.
• B)limited liability partnership.
• C)limited proprietorship.
• D)limited liability company.

---

Definitions:

Management Team

A group of individuals at the top level of an organization who are responsible for making strategic decisions and ensuring the company achieves its goals.

Competitive Advantage

A condition or unique attribute that allows a company to outperform its competitors, securing a superior position in the market.

Market Opportunity

The identification of a specific market need that can be met by a new product or service, offering potential for business growth.

Sole Proprietor

A business owned and run by one individual where there's no legal distinction between the owner and the business entity.