Asked by Kayla Sanders on Apr 30, 2024
Verified
Bayard organized, and owns and operates, Cypress Tours in the simplest form of business organization. This is
A) a partnership.
B) a franchise.
C) a corporation.
D) none of the choices.
Business Organization
An entity formed for the purpose of carrying out commercial enterprise. Such organizations come in different forms including partnerships, corporations, and sole proprietorships.
- Comprehend the essential attributes and legal consequences of functioning as a sole proprietorship.
- Comprehend the determinants affecting entrepreneurs' selection of a business organization structure.
Verified Answer
QN
Qu?nh Nguy?nMay 03, 2024
Final Answer :
D
Explanation :
The simplest form of business organization is a sole proprietorship, which is not listed among the options provided. Since Bayard organized, owns, and operates Cypress Tours by himself, it implies a sole proprietorship, which is not explicitly mentioned in the choices.
Learning Objectives
- Comprehend the essential attributes and legal consequences of functioning as a sole proprietorship.
- Comprehend the determinants affecting entrepreneurs' selection of a business organization structure.
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