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Salma Owns a Pharmacy near a Hospital

Question 82

Multiple Choice

Salma owns a pharmacy near a hospital.She started the business with a personal loan and is wholly responsible for repaying it.Salma also needs to pay personal income tax on the profits generated from the business.Her business is an example of a(n) :


A) joint venture.
B) S corporation.
C) sole proprietorship.
D) cooperative.
E) C corporation.

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