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Dimpi Saroa
on Nov 06, 2024

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An organization composed of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization is known as a(n) _____.

A) cooperative
B) S corporation
C) sole proprietorship
D) multinational firm
E) general partnership

Cooperative

An organization that is owned and operated by its members, who share the profits and benefits and democratically make decisions.

General Partnership

A business arrangement in which two or more individuals share the management, profits, and liabilities of the business.

  • Recognize the fundamental types of business ownership and evaluate their advantages and disadvantages.
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Gabrielle GerardNov 10, 2024
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