Multiple Choice
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This type of business enterprise is known as a .
A) joint-stock company
B) limited liability company
C) partnership
D) joint venture
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A sole proprietor has ultimate responsibility for
Q8: Which of the following best describes sole
Q9: The owners or investors of a limited
Q10: The partners in a nontrading partnership have
Q11: Which of the following is true of
Q13: The default tax classification of a limited
Q14: A sole proprietor has very limited flexibility
Q15: Which of the following is true of
Q16: An individual who is not a partner
Q17: Unlimited personal liability of each general partner