Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other's management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail (s) of this situation would be the largest contributor toward Wade and Hunter's decision to organize a general partnership?
A) Unfamilar with each other's managment practices
B) Avoiding full liability
C) Little Capital
D) Sharing profit
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. very similar to a "gray" market except that the goods and services exchanged are imported. C.
Answers (1)
Viewers of the World Series are likely to see ads for beer and cars, and viewers of the Academy Awards broadcast are likely to see ads for clothing and hair care products, due to A. cultural expectations. B. male domination in corporate boardrooms.
Answers (1)
If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is: Select one: a. underapplied. b. overapplied. c. a loss on the income statement under "Other Expenses and Losses." d.
Answers (1)
For electronically deposited funds, such as an employee's direct deposit, when must bank make those funds available to the employee?
Answers (1)
On October 5, 2019, you purchase a $10,000 T-note that matures on August 15, 2031 (settlement occurs one day after purchase, so you receive actual ownership of the bond on October 6, 2019). The coupon rate on the T-note is 4.
Answers (2)
New Questions in Business
In business, what would be the input, conversion and output of operating a summer band camp
Answers (1)
Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After 5 years, how much do you think you would have in the account if you left the money to grow? A. More than $102B. Exactly $102C. Less than $102
Answers (1)
General Electric manufactures electric motors for its clothes dryers. The firm uses a formal vendor rating system to evaluate suppliers and notify those whose parts did not meet quality standards.
Answers (1)
When quantity demanded is greater than quantity supplied, the resulting shortage causes the price to fall?
Answers (1)
When visiting your sister, you notice that her infant enjoys watching a mobile that hangs over his head. of the various objects hanging on the mobile, which ones are likely to get more of his attention?
Answers (1)