1. Which of the following is most likely to have unlimited liability?
a. silent shareholder
b. general
partner
c. limited liability partner
d. unlimited shareholder
2. Which of the following is NOT an advantage of a partnership?
a. One partner can make decisions that bind all other partners.
b. Risk can be shared.
c. It is easy to set up.
d. Partnerships involve few legal requirements.
3. Which of the following statements is CORRECT?
a. The cooperative is a special form of the partnership structure.
b. Profit sharing plans are available to corporations, sole proprietorships and
partnerships.
c. If a start-up business is incorporated, a bank will normally require personal
guarantees on any business loans.
d. In a limited partnership, each partner has a hand in managing the business.
“WE’VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT. PLACE THIS ORDER OR A SIMILAR ORDER WITH HOMEWORK AIDER AND GET AN AMAZING DISCOUNT”
The post unlimited liability appeared first on Homeworkaider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
