Which of the Following Is NOT a Legal Organization of a Firm

question 214

Multiple Choice

Which of the following is NOT a legal organization of a firm?

• A) corporation
• B) partnership
• C) entrepreneurship
• D) proprietorship

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Definitions:

Powerlessness

A condition or feeling of lacking the ability, strength, or authority to act or influence events or people.

Promissory Note

A legally binding written agreement in which one party promises to pay a specified sum of money to another.

Endorses

To endorse is to support, approve, or recommend something, or in the context of checks, to sign the back of a check to authorize its transfer or cashing.

Dishonor

Refers to the refusal by a bank to pay a check or draft presented for payment, usually due to insufficient funds.