Sharon,Lois and Sam Have Just Formed a Business Partnership

question 94

True/False

Sharon,Lois and Sam have just formed a business partnership.Under their arrangement,Sharon will actively manage the company and assume unlimited liability for the firm's debts.Sam and Lois will invest several thousand dollars of their money and will share in the profits,but will not actively manage the firm and will not have liability for losses beyond their initial investment.This describes a limited partnership.

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Definitions:

Aggressive Responses

Behaviors aimed at causing harm or injury to another person or object, often as a reaction to perceived threats or frustration.

Goal

An objective or desired outcome that an individual or group aims to achieve through purposeful action.

Coping Strategies

Methods or techniques used by individuals to deal with stressful situations or challenges.

Active-role Strategies

Approaches in therapy or personal development where the individual actively engages in activities or exercises to bring about change.