Which of the following entities is a company?

Question

BlackTom AI · Accepted Answer

Question: Which of the following entities is a company?

Option a: 'Belina and Chin contributes capital and shares profit equally in their business' — This describes a partnership or a similar collaborative arrangement, not necessarily a company. It emphasizes shared capital and profits but does not indicate a formal company structure or incorporation.

Option b: 'Ali saved his money and opened a mini market on his own' — This depicts a sole proprietorship, where a single individual owns and runs the business. A sole proprietorship is not a company in the corporate sense.

Option c: 'Dali opens an accounting firm with her best friend' — This describes a partnership (likely a general or professional partnership) where two or more individuals collaborate, but it is not inherently a company. Some partnerships operate like firms, but they are not typically referred to as 'companies' unless incorporated.

Option d: 'Ethani and Fara are directors of their import-export business' — This statement uses the term directors, which is characteristic of a company or corporation structure where individuals hold director roles. The explicit mention of directors aligns with a company-type entity rather than a sole proprietorship or partnership.

In summary, options a, b, and c describe non-corporate business forms (partnerships or sole proprietorships), while option d mentions directors in a context that fits a company or corporate structure. Therefore, option d is the most consistent with a company-type entity.

Business Law (BM018-3-1-BLW-25-RESIT)

Which of the following entities is a company?

View Explanation

Log in for full answers

Similar Questions

Charlie, Lucy, and Sally opened a restaurant and elected to file paperwork to create and organize their restaurant as an LLC. All of the following are advantages of the LLC form of business for these three members except the following:

Which of the following is not a correct statement regarding the advantage of the partnership entity form over theC corporation form?

Which of the following entities provide personal liability protection to their owners/partners/shareholders? LLC S-Corporation Sole Proprietorship C-Corporation

In recent years, a number of pooled ownership structures have emerged that have changed the analysis of ownership form selection for many investors. Which of the following ownership structures has become the preferred ownership form for many private real estate investors?

A _____ is entirely separate from the parties who own it.

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler