Bill,a Local Inventor,developed a Diet Pill That He Believes Will

question 139

Multiple Choice

Bill,a local inventor,developed a diet pill that he believes will solve the obesity problem in the United States.Bill wants to create a new company,50% owned by Bill and 50% owned by a major drug company.Although he believes the pills are safe,Bill is concerned about liability if someone becomes sick or dies.The best form of business organization for the new company is

• A) sole proprietorship with Bill as owner and the drug company as creditor.
• B) general partnership with Bill and the drug company as equal partners.
• C) S-type corporation with Bill and the drug company owning equal shares.
• D) limited liability company with Bill and the drug company owning equal shares.

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Definitions:

Types of Power

Refers to the different bases or sources of authority and influence, such as coercive, reward, legitimate, expert, and referent power, each affecting behavior in varied ways.

RFID

Radio Frequency Identification, a technology used to automatically identify and track tags attached to objects using electromagnetic fields.

UPC Tags

Universal Product Codes are barcodes used on product packaging to uniquely identify a product and its attributes, such as brand and size, in retail environments.

Routing Software

Technology solutions designed to optimize the paths or routes for logistics and transportation activities, ensuring efficient delivery or travel.