In a Partnership,the Owners of the Business and the Business

question 248

Multiple Choice

In a partnership,the owners of the business and the business are ________,and in a sole proprietorship,the owner of the business and the business are ________.

• A)separate legal entities; also separate legal entities
• B)not separate legal entities; also not separate legal entities
• C)not separate legal entities; separate legal entities
• D)separate legal entities; not separate legal entities

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Definitions:

Optimal Number

Describes the best or most efficient amount or level of something (e.g., inventory, employees) for achieving a specific goal or maximizing performance.

Supply Chain Management

Supply Chain Management is the coordinated management of the processes and functions involved in producing and delivering goods or services from suppliers to customers.

Souvenirs

Items purchased or collected as reminders of a particular place, event, or experience, often associated with tourism.

Expected Profit

An estimate of the amount of profit that a business anticipates earning over a specific period, based on forecasts and assumptions about future conditions.