A,B,and C Are Three Lawyers Who Want to Start a Construction

question 5

Multiple Choice

A,B,and C are three lawyers who want to start a construction business.Each has enough capital to invest in the business to avoid borrowing money from the bank,and all of them want to limit their liability as much as possible while having a role in the management and operation of the business.In this case,they can protect themselves by

• A)setting up a limited partnership.
• B)setting up a joint venture.
• C)setting up a partnership.
• D)setting up a limited liability partnership.
• E)incorporating a company.

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Definitions:

Newly Acquired Skills

Skills or abilities that have been recently learned or developed.

Supervision

The act of overseeing, directing, or managing activities, processes, or people to ensure correct practices and adherence to rules or standards.

Conditions

One of the four components of objectives, representing the situation or circumstances under which a behavior will be performed. Conditions are how individuals add context to a task.

Objective

A specific, measurable goal or target, often defining the desired outcome of an intervention or plan.