With Respect to Combined Business Skills and Knowledge,which of the Following

question 37

Multiple Choice

With respect to combined business skills and knowledge,which of the following partnerships is best?

• A) Mary,Janet,and Liz own a bakery.They are able bakers by trade.Each wants to spend all of his time baking items.
• B) Leslie,Andrea,and Jamieown a boutique.Leslie has marketing expertise.Andrea has ten years' experience operating a successful small store,including hiring employees,handling inventory control,buying,and managing credit.Jamie is a CPA.Each has agreed to use his or her experience and expertise for the success of the business.
• C) Courtney and Bob,both young pharmacists,own a pharmacy.Neither has taken a business course,but they are willing to learn.
• D) Jack and Reena own a video store.Reena is most experienced as a homemaker and mother.Jack has worked as an auto mechanic for ten years.
• E) Cory and Dany own a vacuum cleaner store.Cory knows everything possible about store operations.Dany is wealthy and can provide investment capital.

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Definitions:

Impressment

The act of forcibly taking men into a navy or military service without notice, often practiced by the British Navy against American sailors in the early 19th century.

Macon's Bill Number 2

Legislation passed by the United States Congress in 1810, aimed at motivating Great Britain and France to stop seizing American ships during the Napoleonic Wars by restoring trade with the country that ceased its attacks on American shipping.

Commercial Rights

The legal rights granted to businesses and individuals to engage in activities related to commerce, trade, and intellectual property.

Embargo Act

A historical law passed by the United States in 1807, prohibiting American ships from trading in all foreign ports to avoid conflicts.