Match the Following Characteristics with the Form of Business Entity

question 94

Multiple Choice

Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Comprises 70% of business entities in the United States

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

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Definitions:

Sociocultural Factors

Elements that affect individuals or societies, based on cultural, social, and ethical norms or influences.

Visible Artifacts

Physical objects or elements in an organization's culture that can be seen and have symbolic significance, such as logos, architecture, or uniforms.

Underlying Values

Fundamental beliefs or principles that guide an individual's or organization's behavior and decision-making.

Tariffs

Taxes imposed on imported goods and services, used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers.