Which of the following is not a major category of business structure? A) Corporation B) Public...

Question:

Which of the following is not a major category of business structure?

A) Corporation

B) Public agency

C) Partnership

D) Sole proprietorship

Business Structure:

A business can be structured in a variety of ways. The chosen structure largely depends on the number of owners and how the business will distribute earnings to those owners.

Key Vocabulary

  • Liability: A legal term for responsibility for risky situations. But also can be used in accounting to describe financial obligations facing the firm.
  • Assets: An accounting term for financial property owned by the firm.
  • Entrepreneur: A person or persons who combine resources into a new business.
  • Owner's Equity: The value of the business that his held by the owners of the firm.

Answer and Explanation:

Become a Study.com member to unlock this answer!

View this answer

See full answer below.


Learn more about this topic:

Loading...
What Is a Business Organization? - Structure, Types & Examples

from

Chapter 3 / Lesson 5
114K

Learn about business organization structure and understand how it works. Study business entity examples and see the types of business organizational structures.


Related to this Question

Explore our homework questions and answers library