Which Type of Business Organization Transacts the Most Business and Is

question 19

Multiple Choice

Which type of business organization transacts the most business and is the largest in terms of assets,income,and number of employees?

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

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Definitions:

Professional Reading

Literature or materials read primarily for work-related purposes, focusing on improving skills, knowledge, or understanding within a profession.

Cover Letter

A document sent with a job application explaining the applicant's credentials and interest in the open position.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the reputation, customer loyalty, or other benefits of the business.

Favorable Response

An answer or reply that expresses approval, agreement, or positive recognition of a request or situation.