Will and Bill Both Enjoy Sunshine,water,and Surfboards

question 35

Multiple Choice

Will and Bill both enjoy sunshine,water,and surfboards.Thus,the two friends decided to create a business together renting surfboards,paddle boats,and inflatable devices in California.Will and Bill will equally share in the decision making and in the profits or losses.Which type of business did they create if they both have full personal liability for the firm's debts?

• A)Sole proprietorship
• B)Limited partnership
• C)Corporation
• D)Joint stock company
• E)General partnership

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Definitions:

Misinterpreting

Incorrectly understanding or making an inaccurate conclusion about the meaning of information, signals, or actions.

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A rare, life-threatening reaction to antipsychotic medications, characterized by fever, muscle rigidity, altered mental status, and autonomic dysfunction.

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Risperidone

An antipsychotic medication commonly used to treat psychiatric disorders such as schizophrenia, bipolar disorder, and irritability associated with autism.