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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
1. Which cost is not a fixed cost? building construction costs property taxes electricity rent
Answers (1)
Journalize entries for the following related transactions of Lilly Heating & Air Company. Refer to the Chart of Accounts for exact wording of account titles. A. Purchased $48,400 of merchandise from Schell Co. on account, terms 1/10, n/30. B.
Answers (1)
Pat, a manager, is assessing possible alternatives for the solution of a problem. Pat performs a cost-benefit analysis of several alternatives in order to determine the net financial payoff of each alternative. What criterion is Pat focusing on?
Answers (1)
Which of the following is true for a constant growth stock whose market value is equal to its intrinsic value? a. The stock's expected return is less the required return. b. The stock's dividend yield is equal to it's growth rate. c.
Answers (1)
Lawmakers designed the burden of the FICA payroll tax to be split evenly between workers and firms. Labor economists believe that a.
Answers (1)
New Questions in Business
True or false fdr was eager to use deficit spending to end the economic crisis.
Answers (1)
If supply increases while demand decreases A. the equilibrium quantity will definitely increase. B. the equilibrium price will definitely decrease. C. the equilibrium quantity will definitely decrease. D.
Answers (1)
To sit next to her mother at a restaurant, diana pushes her little brother mark out of the way. what type of aggression is this?
Answers (1)
Roger Technologies invests $50,000 to acquire $50,000 face value, 8%, five-year corporate bonds on January 2, 2017. The bonds will mature on January 2, 2022. The bonds pay interest semiannually on January 2 and July 2 each year until maturity.
Answers (1)
At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000.
Answers (1)