Assume you and your best friend set up a partnership and your lawyer tells you that as the owners, you could each stand to lose your personal wealth if the business goes bankrupt. This means a partnership

A) faces limited liability. B) has little chance of succeeding.
C) faces unlimited liability. D) is not a good type of business to set up.


C

Economics

You might also like to view...

Explain what is meant by perfect price discrimination

What will be an ideal response?

Economics

An example of an upper-middle income country is

a. India. b. Brazil. c. Indonesia. d. Nigeria.

Economics

An important hindrance to developing countries in carrying out monetary policy is that they

a. usually lack central banks b. are usually unable to issue their own currency c. are unable to borrow money d. usually lack effective bond markets e. all of the above

Economics

Holding everything else constant, if total factor productivity ________ or if the labor force growth rate ________ the debt-to-GDP ratio will increase

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Economics