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FIN 101 CHP 12 Exam questions with correct answers 2026/2027 Edition Graded A+ A(n) _____ is a collection of financial assets or investments such as stocks, bonds, and cash. -Portfolio Stock D has a 40% chance of pr

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FIN 101 CHP 12 Exam questions with correct answers 2026/2027 Edition Graded A+ A(n) _____ is a collection of financial assets or investments such as stocks, bonds, and cash. -Portfolio Stock D has a 40% chance of pr

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BUS 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS

, bus 101 Exam questions with correct
answers 2026/2027 Edition Graded A+

Business - ✅✅An organization that provides goods or services to
earn a profit.


Business Ownership - ✅✅The legal structure of a business that
determines liability, taxes, and management.


Sole Proprietorship - ✅✅A business owned by one person; easy to
start but the owner is personally responsible for debts.


Partnership - ✅✅A business owned by two or more people who
share profits, losses, and responsibilities.


Corporation - ✅✅A separate legal entity owned by shareholders
that protects owners from personal liability.


Limited Liability Company (LLC) - ✅✅A business structure that
combines liability protection with flexible taxation.


Franchise - ✅✅A business that operates under an established
company's name, products, and business model.

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