David Has Decided to Open an Auto-Detailing Business

question 197

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)A limited-liability company
• B)A partnership
• C)A corporation
• D)A sole proprietorship

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Definitions:

Codes Of Conduct

Formalized rules and guidelines that describe ethical standards and expected behaviors for organizations or professions.

Ethical And Socially Responsible

Adhering to moral principles and considering the impact on society and the environment in decision-making processes.

Corporate Codes Of Ethics

A set of principles designed to guide decision-making by members of an organization and to handle their business ethically.

Core Values

Fundamental beliefs and guiding principles that dictate behavior and action, helping an organization to determine if they are on the right path.