Examlex

Solved

_____ Are Beliefs of What Will Happen in Some Situation

question 94

Multiple Choice

_____ are beliefs of what will happen in some situation.


Definitions:

General Partnership

A business structure where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a venture.

Participating Investors

Individuals or entities that engage in funding ventures with the expectation of earning a return on their investment.

Liability

The state of being responsible for something, especially by law.

Duty of Loyalty

A legal obligation requiring directors, officers, and agents of a corporation to act in the best interest of the corporation.

Related Questions