Scenario - Holly and Trent

question 50

Multiple Choice

Scenario - Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.
-If the business is legally Holly's, then the business form would be:

• A) proprietorship.
• B) partnership.
• C) corporation.
• D) chapter S42.5.
• E) none of these.

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Definitions:

IR Spectroscopy

An analytical technique that uses infrared light to study the vibrational and rotational movements of molecules, revealing structural and functional group information.

Pentane

A hydrocarbon compound with the molecular formula C5H12, consisting of five carbon atoms linked in a single chain.

Heptane

A straight-chain alkane with the formula C7H16, commonly used as a nonpolar solvent in laboratories.

IR Spectrum

An infrared spectrum, a graph displaying the absorption of infrared radiation by a substance at different frequencies, useful in identifying molecular structures.