Chloe and Tamara start a vintage fashion boutique. While both invest equally in the store and are entitled to equal profits, it is Tamara who looks after the day-to-day business transactions and manages the store. Chloe does not actively participate in managing the store, and her personal wealth is not at risk in case the business suffers losses. In this scenario, Chloe is a _____.
A. general partner
B. limited partner
C. common stockholder
D. preferred stockholder
Answer: B
You might also like to view...
If sales are $425,000, variable costs are 68% of sales, and operating income is $50,000, what is the contribution margin ratio?
A) 32% B) 26.8% C) 11.8% D) 63%
In the AEIOU model, what is meant by users?
a. the people whose needs and behaviors are being observed b. the people that are involved in the activity c. the nature of exchange between the person and something or someone else d. the physical items that people interact with
Which of the following is tangible real property?
a. Corn harvested and stored in a grain bin. b. The mortgage on an office building. c. A copyright. d. The freight elevator in an office building.
To make teams effective, members only need to receive the same training as everyone else in the organization.
a. true b. false