Zach and Mac Own an Auto Repair Business Which They

question 74

Multiple Choice

Zach and Mac own an auto repair business which they operate as co-owners.Both take an active role in the management of the business,and each accepts unlimited liability.Zach and Mac operate as a __________.

• A)joint venture
• B)general partnership
• C)limited partnership
• D)cooperative

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Definitions:

Inventory

A list of supplies used regularly and the quantities in stock.

Periodic Supply

A method of inventory resupply that occurs at regular, predetermined intervals.

Prescription Pads

Preprinted forms used by doctors to write and authorize medication for patients.

Table Covers

Protective or decorative cloths used to cover tables, often enhancing aesthetics or protecting the table surface from damage and stains.