Jonathan Lopez Wants to Be His Own Boss and Ventures

question 63

Multiple Choice

Jonathan Lopez wants to be his own boss and ventures into retailing fruit in the neighborhood after borrowing some money from his mother. While obtaining a license to carry out business in his city, Jonathan mentions the money he borrowed but forgets to specify what type of business undertaking his store will be. Under which of the following major forms of business is Jonathan's store listed by default?

• A) a general partnership
• B) a sole proprietorship
• C) a limited partnership
• D) a limited liability corporation

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Definitions:

Adolescents

Young people in the transition period between childhood and adulthood, usually considered to be between the ages of 13 and 19.

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder marked by an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Methylphenidate

A stimulant drug, known better by the trade names Ritalin and Concerta, commonly used to treat ADHD.

Ritalin Controversy

A debate centered around the use of Ritalin, a medication prescribed for ADHD, concerning its overprescription and potential side effects.