Multiple Choice
Al Tomlin and Wilson Nkata recently closed their frame shop because they could not pay the outstanding business debts. Since Tomlin and Nkata are both liable for the debts, what sort of business do they have?
A) general partnership
B) private corporation
C) open corporation
D) limited partnership
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A corporation can best be described by
Q10: Which type of merger brings together companies
Q11: The franchisor generally does NOT provide the
Q12: How is the board of directors for
Q13: What is a disadvantage of franchising to
Q15: Faye Adkins had a relish that her
Q16: Which of the following is a disadvantage
Q17: What is the combination of two companies
Q18: Which of the following is a disadvantage
Q19: List the three major categories of business