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Jensen McIntyre
on Nov 21, 2024

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Elias and his rich friends want to purchase a professional baseball team and need to raise a large amount of money in a short time. Which of the following forms of business organization is often used in Elias' situation?

A) Cooperative.
B) Syndicate.
C) Sole proprietorship.
D) Joint stock company.
E) Limited Liability Partnership.

Syndicate

A syndicate is a group of individuals or organizations combined to promote some common interest, often in business or investing.

Raise Money

The act of collecting funds for a purpose, which can involve various methods such as loans, investments, or donations.

Professional Baseball

A sport involving teams that play baseball at the highest skill level for monetary compensation, often within an organized league structure.

  • Discern between multiple types of business formations with respect to their inception, operational mechanisms, and cessation.
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Ricardo ConleeNov 23, 2024
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