Three College Friends Start a New Mobile Messaging Service in the Hope

question 35

Multiple Choice

Three college friends start a new mobile messaging service in the hope that venture capital investors will buy part of the company within a few years. Which form of ownership should they choose?

• A) partnership
• B) limited partnership
• C) corporation
• D) joint venture

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Definitions:

Recall

The ability to retrieve and reproduce information or experiences from one's memory.

Laissez-Faire

An economic theory advocating minimal government intervention in the affairs of private businesses and individuals.

Moralizing

The act of expressing or teaching moral values, often involving making judgments about what is right or wrong behavior and imposing these standards on others.

Punishment

A consequence applied with the intention of reducing or eliminating an unwanted behavior, often employed in legal and educational contexts.