Multiple Choice
Elena and several friends want to start a business. Each member of the group wants to actively participate in managing the business and share in any profits. Which of the following forms of business ownership would best satisfy the goals of Elena and her friends?
A) not-for-profit
B) limited partnership
C) corporation
D) cooperative
Correct Answer:
Verified
Correct Answer:
Verified
Q123: The formation of a corporation requires filing
Q124: Why are cooperatives formed?<br>A) to make products
Q125: Limited partnerships and limited liability partnerships are
Q126: Laryssa Wu is a bright, hard-working, and
Q129: Bailey Nix is a limited partner in
Q130: From the franchisee's perspective, franchising offers several
Q131: Unlike a sole proprietorship or general partnership,
Q132: Examples of institutional investors are mutual funds,
Q133: Mergers and acquisitions basically mean the same
Q142: The owner of a sole proprietorship must