A Company Is a Legal Entity and as Such Has

question 15

Multiple Choice

A company is a legal entity and as such has an additional expense for ________________ in its income statement that sole traders and partnerships do not have.

• A) legal entity expenses
• B) cost of sales
• C) income tax
• D) depreciation

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Definitions:

Genetic Engineering

The manipulation of an organism's genes using biotechnology to create desired phenotypes or to eliminate undesired traits.

Psychological Disorder

A term that identifies mental health conditions marked by alterations in thinking, mood, or behavior associated with distress or impaired functioning.

Genetic Factors

Elements of an organism's genetic makeup that influence its characteristics, traits, and susceptibility to certain conditions or diseases.

Environmental Factors

External elements, including social, geographical, and climatic factors, that affect individuals and their behavior.