Brian Wants to Start a Business That Provides Canoe and Kayak

question 154

Multiple Choice

Brian wants to start a business that provides canoe and kayak trips.He decides that it would be better to ask his brother Brad to become his partner because

• A) one person could not possibly run this type of business.
• B) Brian will receive all of the profits from the partnership.
• C) together they will be able to get more capital and credit to start the business.
• D) the business will pay less taxes than it would as a sole trader.
• E) there are generally fewer control issues in a partnership than in a sole trader.

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Definitions:

Significant Figures

The digits in a number that carry meaning contributing to its measurement accuracy, reflecting the precision of the measurement.

Measurement

The action of measuring something, or the size, length, or amount of something, usually established by using standard units.

Metal Rusts

The process of corrosion where metals, typically iron, react with oxygen and moisture to form rust.

Density

The mass per unit volume of a substance, often measured in grams per cubic centimeter (g/cm³).