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

---

Definitions:

Global Migrations

The movement of populations across the globe, often involving the relocation of individuals or groups from one country to another for reasons such as employment, safety, or socio-economic improvement.

Global Markets

The worldwide economic arena that allows for the buying, selling, and trading of goods and services across national borders.

American Workers

Individuals employed in the United States, contributing to its economy across various sectors.

American Farmers

Individuals in the United States engaged in agriculture, playing a critical role in the economy and food production.