Roger Helps His Brother's Business by Contributing Money, but He

question 144

Multiple Choice

Roger helps his brother's business by contributing money, but he lets his brother take care of the daily operations of the business.Roger is also protected by limited liability.Roger is a _____.

• A) sole proprietor
• B) general partner
• C) corporate stockholder
• D) manager
• E) limited partner

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Definitions:

Incremental Change

Gradual modifications or improvements to processes, products, or services over time, often aiming to maintain competitiveness or adapt to new conditions.

Planned Carefully

The process of organizing activities or projects with thorough consideration and attention to detail to ensure successful outcomes.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Labor Markets

Economic sectors that deal with the demand and supply of labor, determining employment levels and wage rates.