Pola and Quincey Want to Form and Do Business as River

question 17

Multiple Choice

Pola and Quincey want to form and do business as River Tours Corporation.A corporation can consist of

• A)no natural persons.
• B)one natural person but not more.
• C)one or more natural persons.
• D)only more than one natural person.

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Definitions:

Investment Turnover

A ratio that measures the efficiency of a company in using its investments to generate sales revenue.

Operating Expenses

Costs associated with the daily operations of a business, excluding direct costs of producing goods or services.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Investment Turnover

A ratio that measures the efficiency of a company in using its investments to generate sales revenue, reflecting how effectively assets are being utilized.