Scenario-Based
Rock City is a community in the Midwest with a population of 23,000 people.
Three dental clinics serve the city and the surrounding area.Perfect Smile is
owned and operated by the newest dentist in town, Dr.Martin Harris, who employs
one dental assistant and a secretary/receptionist.Drs.Joan Bennett and Joseph
Young jointly operate Teeth for Life and provide a few more services than Dr.
Harris.Rock City Dental Clinic has been in business for 58 years, employs 38
people, and offers a range of services that include dentures, orthodontics,
and minor oral surgery.
-Given the size of his operation and the fact that he's just opened his office, Dr.Harris is probably organized as a _____.
A) sole proprietorship
B) partnership
C) corporation
D) cooperative
Correct Answer:
Verified
Q13: In deciding on a legal form of
Q14: A very important consideration in picking a
Q14: A sole proprietorship is a legal form
Q15: No single form of ownership will give
Q16: In deciding which legal form of business
Q17: If you want to own the business
Q19: With enough employees and annual sales to
Q20: Sole proprietorship, partnership, and corporation are the
Q21: Profits earned are taxed as personal income
Q22: How did Ben Cohen and Jerry Greenfield
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