Credit

question 90

Multiple Choice

Credit:

• A) probably came into being at the same time as coinage.
• B) predates coinage by 2,000 years.
• C) did not exist until the middle ages.
• D) first became popular due to the writings of Aristotle.

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Definitions:

Capital Contribution

The act of injecting funds or other assets into a company or partnership by its owners or partners to support its operations or investment activities.

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment in the company and do not participate in day-to-day management.

Partnership Business

A business organization in which two or more individuals manage and operate the business in accordance with the terms and objectives set out in a Partnership Agreement.

Access

The ability or right to approach, enter, or use something.