A Business Formed by Two or More Individuals Who Each

question 38

Multiple Choice

A business formed by two or more individuals who each have unlimited liability for business debts is called a:

• A) corporation.
• B) sole proprietorship.
• C) general partnership.
• D) limited partnership.
• E) limited liability company.

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Definitions:

Cement

1. A natural material precipitated in the pore spaces between grains, helping to hold the grains together. 2. A processed, whitish powder, typically derived from calcium carbonate, that sets to a solid mass when mixed with water and usually other materials.

Sedimentary Rocks

Rocks formed by the accumulation and consolidation of sediment, typically layered and including types such as sandstone and shale.

Calcite

A mineral made of calcium carbonate (CaCO3), one of the most common minerals on Earth's surface and a primary component of limestone.

Pyroxene

One of a group of mostly dark, single-chain silicate minerals.