Multiple Choice
Karl Metzger plans to invest $5,000 in a partnership with his brother to produce and sell handcrafted violins,zithers,and other string instruments.Metzger does not plan to work in the business and wants no more liability than his investment.What should he be?
A) a limited partner
B) a general partner
C) a joint partner
D) a temporary partner
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Distinguish between a merger and an acquisition.
Q32: Sole proprietorships experience which of the following
Q49: Which of the following is created when
Q51: Corporations face fewer government restrictions and regulations
Q53: For partnerships to be legal, they must
Q69: Which of the following statements best describes
Q84: Al Tomlin and Wilson Nkata recently closed
Q85: Oscar Patel and Jon O'Keefe own and
Q88: List the two basic types of partnership.
Q89: Discuss the following statement: "The franchisee has