Intrapreneur Refers to

question 8

Multiple Choice

Intrapreneur refers to

• A) someone who starts a business and runs it from his or her house.
• B) a person who invents a product to be used indoors.
• C) a person who develops an innovative product or idea while working inside of an existing larger business.
• D) a person who is employed by a larger business.
• E) a person who has an idea for a new product but does not take steps to bring it to market.

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Definitions:

Foreign Limited Partnerships

Partnerships formed in one jurisdiction but doing business in another where the liability of some partners is limited.

Low-profit Limited Liability Company

A classification of LLC that combines the legal and tax flexibility of a traditional LLC, the social benefits of a nonprofit organization, and a commitment to limited profit distribution.

Socially Beneficial

Refers to actions, policies, or practices that have a positive impact on society or the community as a whole.

Limited Liability Partnerships

A form of partnership where some or all partners have limited liabilities, protecting them from some or all of the partnership's debts and liabilities beyond their investment.