Which of the Following Business Organisational Forms Subjects the Owner(s)

question 27

Multiple Choice

Which of the following business organisational forms subjects the owner(s) to unlimited liability?

• A) sole trader
• B) limited partnership
• C) company
• D) public company

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Definitions:

Population

The complete collection of objects or people that can be used to draw samples for statistical study.

Multinomial Experiment

A statistical experiment that can result in multiple outcomes, where each outcome has a fixed probability of occurring.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or calculation, essential for determining the preciseness of an estimation or hypothesis test.

Chi-Squared Goodness-Of-Fit Test

A statistical test used to determine if a sample data matches a population with a specific distribution.