For Three Years,John,Michael,and Mary Have Carried on a Business That

question 7

Multiple Choice

For three years,John,Michael,and Mary have carried on a business that is charitable in nature.Each of them contributed capital to the business and has his or her duties set out in an agreement.The form of business that they have created is

• A)a sole proprietorship.
• B)a joint venture.
• C)a general partnership.
• D)a limited liability partnership.
• E)none of the above

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Definitions:

Currency Field

A specific data type in databases used to store monetary values, ensuring accurate financial data representation with appropriate decimal places.

Table Datasheet

A view in database applications that displays data in rows and columns, similar to a spreadsheet, allowing for data entry and editing.

Property Sheet

A tool in development environments that lists the properties of a selected object and allows the user to edit those properties.

Decimal Places

The number of digits allowed to the right of the decimal point in a numeric field, affecting the precision of the values stored.