BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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corporation
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partnership
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proprietorship
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Detailed explanation-1: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute.
Detailed explanation-2: -An LLC is a hybrid between a partnership and a corporation. Members of an LLC have operational flexibility and income benefits similar to a partnership but also have limited liability exposure.
Detailed explanation-3: -A corporation is owned by shareholders who have limited liability, and it is best suited to raising large amounts of capital. The owners of the corporation provide capital for the business in exchange for shares.
Detailed explanation-4: -Capital investment is the expenditure of money to fund a company’s long-term growth. The term often refers to a company’s acquisition of permanent fixed assets such as real estate and equipment.