With Respect to Combined Business Skills and Knowledge, Which of the Following

question 51

Multiple Choice

With respect to combined business skills and knowledge, which of the following partnerships is best?

• A) Joe, Louis, and Raul own a bakery. They are able bakers by trade. Each wants to spend all of his time baking items.
• B) Carolyn, Melvin, and Cindy own a boutique. Carolyn has marketing expertise. Melvin has ten years' experience operating a successful small store, including hiring employees, handling inventory control, buying, and managing credit. Cindy is a CPA. Each has agreed to use his or her experience and expertise for the success of the business.
• C) Mary and Robert, both young pharmacists, own a pharmacy. Neither has taken a business course, but they are willing to learn.
• D) Carter and Renée own a video store. Renée is most experienced as a homemaker and mother. Carter has worked as an auto mechanic for ten years.
• E) Vince and Linda own a vacuum cleaner store. Vince knows everything possible about store operations. Linda is wealthy and can provide investment capital.

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Definitions:

Milk Production

The biological process by which mammals produce milk to feed their young, involving various hormonal controls.

Hormone

Chemical messenger, produced in one part of the organism, that controls the activity of other tissues or organs in that organism.

Hypothalamus

A region of the brain that controls many bodily functions, including hunger, thirst, temperature regulation, and the release of many hormones.

Anterior Pituitary

Portion of the pituitary gland that is controlled by the hypothalamus and produces six types of hormones, some of which control other endocrine glands.