Art Owns Significant Interests in a Hardware Store and a Bookstore

question 25

Multiple Choice

Art owns significant interests in a hardware store and a bookstore at a mall in Washington, D.C. He also owns a hardware store and a bookstore at a mall in San Francisco. Which of the following is not a way in which the interests may be grouped?

• A) One activity.
• B) A hardware activity and a bookstore activity.
• C) A Washington, D.C. activity and a San Francisco activity.
• D) Four separate activities.
• E) Any of the above may be the basis for grouping.

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Definitions:

Business's Obligation

The responsibilities and commitments a business has, including legal, financial, and ethical duties to its stakeholders.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging or community spirit.

Control Systems

The means to monitor input, transformation, and output so as to identify problems.

Communication Tools

Tools used to share or exchange information, such as email, social media, and messaging apps.