Refer to Fact Pattern 13-1

question 382

Multiple Choice

Refer to Fact Pattern 13-1. Jeanette wants to exercise sole managerial control over her business but she does not have enough money to set the business up. Several members of Jeanette's family are willing to invest in her business because they think it will succeed. Richard may suggest that Jeanette establish which type of organization?

• A) a joint venture
• B) a syndicate
• C) a cooperative
• D) a joint bond company
• E) a limited partnership

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Definitions:

Ancestral

Relating to or inherited from an ancestor or ancestors.

Amphibians

Amphibians are a class of cold-blooded vertebrates that include frogs, toads, salamanders, and newts, characterized by their ability to live both on land and in water.

Chordate Group

A large group of animals that, at some stage in their development, possess a notochord, dorsal nerve cord, pharyngeal slits, and a post-anal tail.

Bony Fishes

Fish that have skeletons primarily composed of bone tissue, as opposed to cartilaginous fishes; this group includes the vast majority of current fish species.