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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24 hours 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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6 days 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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7 days ago

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

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27 days ago

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

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1 months ago

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

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1 months ago

I think the answer is A) Corporation.

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