Tess and Tijuana Have Considered Starting Their Own Business but Are

question 45

Multiple Choice

Tess and Tijuana have considered starting their own business but are concerned about the possibility of losing their personal assets if the business fails. One way for Tess and Tijuana to avoid this risk would be to organize their firm as a(n) :

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

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Definitions:

Memory Set

A collection of items or information that a person can remember and recognize within a certain context or under specific conditions.

Feature Integration Theory

A psychological theory proposing that the perception of individual visual features (such as color, orientation, size) are initially processed independently and then integrated to form the perception of a whole object.

Controlled Processes

Cognitive operations that require attention, are usually performed deliberately, and are under conscious control.

Automatic Processes

Mental activities that occur without conscious awareness or effort, often developed through repeated practice or learning.