COGNITIVE ASSESSMENT You Are Going to Purchase a Mass-Produced Computer

question 161

Multiple Choice

COGNITIVE ASSESSMENT You are going to purchase a mass-produced computer from your local computer store. Which of the following is likely a component you can customize?

• A) video card
• B) sound card
• C) processor type
• D) all of the above

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Definitions:

Unlimited Liability

The legal obligation of business owners to pay all of their business debts personally, without limit, which exposes personal assets to risk.

Sole Proprietorship

A business formed by the sole proprietor. It is the easiest business organization to form.

Term Partnership Dissociation

The ending of a partner's association with a partnership for a predetermined term, as outlined by an agreement or law.

RUPA

The Revised Uniform Partnership Act, a set of laws designed to govern the operations of partnerships in the United States.