Clara and Sandra Collaborate to Open a Cafe

question 127

Multiple Choice

Clara and Sandra collaborate to open a cafe. They come to an arrangement wherein Sandra manages the cafe from Monday to Wednesday, Clara manages it from Thursday to Saturday, and both jointly manage it on Sunday. Both Clara and Sandra share the profits of the business equally while facing a personal liability for any debts or losses that the cafe may incur. In this scenario, Clara and Sandra most likely _____.

• A) own a corporation
• B) have a general partnership
• C) have a limited partnership
• D) own a limited liability company

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Definitions:

In-use TV Sets

The number or percentage of television sets actually being used or operated within a given population or sample at a specific time.

Binomial Distribution

A statistical distribution representing the number of successes in a fixed number of independent trials, with each trial having two possible outcomes.

Symmetric

A shape or distribution where one half is a mirror image of the other half, indicating that the data values are equally spread around the center.

Probability of Success

The likelihood or chance that a specific event or outcome will occur, often represented as a percentage or a value between 0 and 1.