Common Ownership Interest in a Business,sharing Profits (Or Losses)of a Business,and

question 81

Multiple Choice

Common ownership interest in a business,sharing profits (or losses) of a business,and the right to participate in managing the operations of the business are characteristics of a(n) :

• A)corporation.
• B)sole proprietorship.
• C)partnership.
• D)S-corporation.

---

Definitions:

Term of a Bond

The length of time until a bond's maturity date, when the principal amount of the bond is due to be paid to the bondholder.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, that lenders charge borrowers for the use of their funds.

Product Defect

A flaw or imperfection in a product that fails to meet a certain standard or expectation, which can lead to unsatisfaction, returns, or safety concerns.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.