ACSM Exam 010-111 Topic 1 Question 54 Discussion

Actual exam question for ACSM's 010-111 exam

Question #: 54
Topic #: 1

Which business model can be described as a formal business entity subject to laws, regulations, and the demands of stock holders?

ACorporation

BPartnership

CSole proprietorship

DIndependant contractor

Show Suggested Answer

Suggested Answer: A

by Lovetta at May 19, 2024, 07:39 PM

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Benton

1 months ago

A corporation? More like a 'corpor-RATION', am I right? Where's the fun in that?

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Ahmed

6 days ago

A) Corporation

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Letha

1 months ago

Ah, the corporate life. A is the way to go if you want to be a part of that world of suits, spreadsheets, and shareholder meetings.

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Jerry

5 days ago

Definitely, being part of a corporation means following strict rules and regulations.

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Gregg

16 days ago

A) Corporation

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Maile

1 months ago

Hmm, I think A is the correct answer. Corporations are the business model that's all about playing by the rules and answering to the big shots.

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Stevie

13 days ago

A) Corporation

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Dona

2 months ago

Definitely A. Corporations are the real deal when it comes to formal business entities. Regulations and red tape for days!

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Chuck

2 days ago

I agree, corporations have to deal with a lot of regulations and demands from stockholders.

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Leonor

3 days ago

A) Corporation

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Layla

4 days ago

I see your point, but I still think corporations have that extra level of formality.

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Sean

5 days ago

C) Sole proprietorship

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Leota

8 days ago

Absolutely, corporations are the way to go for that formal business structure.

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Jamal

9 days ago

A) Corporation

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Fanny

2 months ago

A corporation is the way to go! Gotta love that legal structure and those pesky stockholders.

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Kanisha

2 months ago

I'm not sure, but I think a Corporation makes sense because it has stock holders.

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Verdell

3 months ago

I agree with Annette, a Corporation is a formal business entity.

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Annette

3 months ago

I think the answer is A) Corporation.

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