1. What is the business type used to create an entity that has a legal identity separate from its owners?

A. Sole proprietorship

B. Partnership

C.Corporation

D.Shareholder

2.What is an example of a feature purchased by establishment customers?

A. Freshly baked pizza

B. Nearness to home

C. Easy accessibility

D. Speedy service

3. Which step in an assessment of historical financial data comes immediately before data analysis?

A. Establishment of profit targets

B. Determination of time frame

C. Drawing of conclusions

D. Data collection