Thom Georges Wants to Open a Store to Sell Antique

question 63

Multiple Choice

Thom Georges wants to open a store to sell antique architectural features that he can salvage from old houses being torn down.He has an eye for the kind of doors,windows,mantels,and so forth that decorators want,but he does not have all the funding he needs.He has invited his parents to invest $40,000 in the enterprise.He has told them that if they do invest,they would have liabilities in the company equal to but no greater than their investment.Georges is trying to get them to form which of the following?

• A) a limited partnership
• B) a joint venture
• C) a cooperative
• D) a general partnership

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Definitions:

Mixers

In economics, mixers could refer to investments or strategies combining different types of assets or market instruments to achieve diversity, though the term is more commonly associated with devices that blend or mix substances.

Bakes

Refers to the process of cooking food by dry heat, typically in an oven, but also includes the variety of goods produced through this method.

Average Fixed Cost

The fixed costs (those not varying with output) of production divided by the quantity of output produced.

Mixers

Devices or social events that are designed to combine different ingredients or allow people to meet and interact.