Multiple Choice
Victor is asked to be a part of a new business venture for a revolutionary mechanism to repair Internet cables that are placed on the ocean floor. Since the business involves high risk, Victor does not want to be held completely liable for the firm's debts if the project fails. In this case, Victor is most likely to prefer to participate as a(n)
A) member of a cooperative.
B) limited partner.
C) general partner.
D) owner of an S corporation.
E) sole proprietor.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: What is an advantage that corporations provide
Q6: Geraldine is a professor at a local
Q7: When a business decides to incorporate, it
Q8: Isaac starts a consulting firm with his
Q9: Summer Foods is a public corporation that
Q11: Why is it difficult for sole proprietorships
Q12: The "limited" part of a limited liability
Q13: In sole proprietorships, owners<br>A) are limited in
Q14: A merger occurs when<br>A) one company purchases
Q15: Brewer Bikes, Inc. is a company that