Of the Following, Which Is the Least Likely to Be

question 447

Multiple Choice

Of the following, which is the least likely to be an example of substitute goods?

• A) Beer and pretzels
• B) Margarine and butter
• C) Beef and chicken
• D) Tea and coffee

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Definitions:

S Corporation

A type of corporation that is eligible for, and elects, special taxation status.

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and potentially a say in company decisions depending on the type of shares held.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Legal Structure

Pertains to the type of legal organization an entity chooses for the formation of their business, such as a corporation, partnership, limited liability company (LLC), or sole proprietorship.