_______ During college, Elyssa Wood earned extra moneyby using her culinary skills to cater specialparties. After graduation, she decided to turn herpart-time job into a full-time business that sheplans to expand in the future. In the meantime,she wants to maintain complete control ofthe business. She will most likely organize thebusiness as aa. master limited partnership.b. corporation.c. general partnership.d. sole proprietorship.e. cooperative.
_______ During college, Elyssa Wood earned extra moneyby using her culinary skills to cater specialparties. After graduation, she decided to turn herpart-time job into a full-time business that sheplans to expand in the future. In the meantime,she wants to maintain complete control ofthe business. She will most likely organize thebusiness as aa. master limited partnership.b. corporation.c. general partnership.d. sole proprietorship.e. cooperative.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
_______ During college, Elyssa Wood earned extra money
by using her culinary skills to cater special
parties. After graduation, she decided to turn her
part-time job into a full-time business that she
plans to expand in the future. In the meantime,
she wants to maintain complete control of
the business. She will most likely organize the
business as a
a. master limited partnership.
b. corporation.
c. general partnership.
d. sole proprietorship.
e. cooperative.
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