Which of the Following Forms of Organization Blends Elements of Partnerships

question 87

Multiple Choice

Which of the following forms of organization blends elements of partnerships and corporations?

• A)D.B.A.'s
• B)Sole proprietorships
• C)Limited liability companies (LLC's)
• D)General partnership

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Definitions:

Pages

Typically refers to sheets of paper bound together within a book, or the digital equivalent in documents, used to display printed or written material.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than competitors.

Absolute Advantage

The ability of an individual, firm, or country to produce more of a good or service than competitors using the same amount of resources.

Shoemaking

is the craft or industry involved in the design, production, and repair of shoes, including both traditional techniques and modern manufacturing.