A ____________ Is an Individual Pursuing Business for Profit

question 15

Multiple Choice

A ____________ is an individual pursuing business for profit.

• A) partnership
• B) general partnership
• C) sole proprietorship
• D) corporation

---

Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, used by governments to raise funds.

Money Markets

Financial markets for short-term borrowing and lending, typically with maturities of less than one year.

Current Asset

An asset expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer.

Non-current Asset

Long-term investments or properties that a company holds and are not expected to be converted into cash within a year.