Jamie and Maria Invested All Their Savings in a Small

question 16

Multiple Choice

Jamie and Maria invested all their savings in a small pizzeria they opened outside the University of Western Kentucky. They operated the business as a general partnership. After 11 months, the business went broke and Jamie and Maria were left with outstanding bills of $37,500, which was more than their initial investment in the company. Jamie and Maria can:

• A) lose their personal assets as the result of their company's financial problems.
• B) lose only the funds they originally invested in their company.
• C) lose only the total value of the assets actually used to operate the business.
• D) avoid any liability for these debts since a partnership is considered to be a business entity that is separate and distinct from the partners who own it.

---

Definitions:

Off-Unit Activities

Therapeutic or recreational activities conducted away from the usual care setting to aid in the recovery or well-being of patients, often used in psychiatric or rehabilitation settings.

Arts and Crafts

A range of activities involving making things with one's hands, often having a decorative or artistic purpose.

Appreciation Card

A card given to express gratitude or recognition for someone's effort, achievement, or kindness.

Termination Phase

The final phase of a process, project, or therapy in which activities are concluded and the relationship is ended.