Rollo Is a Member of Smooth Operators LLC, a Limousine

question 15

Multiple Choice

Rollo is a member of Smooth Operators LLC, a limousine service. Rollo's relationship to Smooth Operators ends, but the firm continues to do business. This is​

• A) ​dissociation.
• B) ​dissolution.
• C) ​a violation of the law.
• D) ​unethical but not a violation of the law.

---

Definitions:

Non-Negative Profit

A profit that is zero or positive, indicating that a business is not losing money.

Economic Profit

The financial gain obtained by a firm or individual after subtracting all explicit and implicit costs from total revenue, often indicating the efficiency and profitability of business operations.

Short Run

A time period in economics during which at least one input is fixed while others are variable.

Produce

Fresh agricultural products such as fruits, vegetables, and other food crops that are grown and harvested.