Which Form(s)of Business Is a Treated as a Distinct Legal

question 11

Multiple Choice

Which form(s) of business is a treated as a distinct legal entity separate from its owners?

• A)Limited partnership
• B)Sole proprietorship
• C)General partnership
• D)Corporation
• E)Both a limited partnership and a corporation

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Definitions:

Retail Chain

A series of stores owned and operated by a single company, selling similar or the same merchandise.

Formal Writing Style

A writing approach that adheres to strict conventions and is typically devoid of colloquial language.

Contractions

Contractions are abbreviated forms of words or phrases, created by omitting letters and often using an apostrophe in English (e.g., can't, isn't).

Direct Question

A form of inquiry that is straightforward and aimed at obtaining a specific answer.