A Business Formed by Two or More Individuals Who Each

question 43

Multiple Choice

A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a:

• A) corporation.
• B) sole proprietorship.
• C) general partnership.
• D) limited partnership.
• E) limited liability company.

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Definitions:

Cultural Intelligence

The capability to function effectively in culturally diverse settings, understanding and adapting to cultural differences.

Quality Circles

Small groups of employees who voluntarily meet regularly to identify and solve work-related problems.

Just-in-Time Production

A manufacturing strategy that reduces waste by receiving goods only as they are needed in the production process.

Masculine Cultures

Cultures that value assertiveness, competitiveness, and material success.