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Marcus Has Decided to Open an Auto-Detailing Business

question 13

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Marcus 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?


Definitions:

Demand And Supply Diagram

A graphical representation used in economics to show the relationship between the price of a good and its quantity demanded and supplied.

Overallocated

A situation where resources are distributed or used beyond their optimal or sustainable capacity, often leading to depletion or inefficiency.

Underallocated

A situation where resources are not distributed or utilized efficiently, leading to potential wastage and unmet needs or demands.

Health Care Insurance

A contractual arrangement through which individuals or entities receive financial coverage or reimbursement for medical services.

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