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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15 days ago

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

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22 days ago

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

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23 days ago

I think the answer is A) Corporation.

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