In the Context of Business Ownerships, a _____ Is Established

question 67

Multiple Choice

In the context of business ownerships, a _____ is established when two or more people agree to contribute resources to start and operate a business together.

• A) corporation
• B) limited liability corporation
• C) partnership
• D) social enterprise
• E) business incubator

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Definitions:

Turnover

The rate at which inventory is sold and replaced or an employee leaves and is replaced in a company.

Operating Assets

Assets used for the operations of a business, such as equipment, inventory, and real estate.

Turnover

The total sales or revenue generated by a company within a specific period, indicating the pace at which a business operates.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several investments.