Phillip and Reed Have Developed a New Technology for Home

question 135

Multiple Choice

Phillip and Reed have developed a new technology for home computer systems.However,they need to raise a large amount of capital to build the production and support facilities to market their product successfully.Which of the following business types would be best suited to help the company raise the necessary capital to begin production?

• A) Corporation
• B) Proprietorship
• C) Partnership
• D) Limited liability partnership

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Definitions:

Twin Pairs

Two offspring born from the same pregnancy, which can be identical or fraternal, used in studies to understand the role of genetics and environment.

Psychological Disorders

Refer to various conditions characterized by patterns of behavior, thoughts, or emotions that are distressing, disruptive, or harmful to oneself or others, and significantly deviate from cultural norms.

Adjustment

The process of adapting or becoming accustomed to a new condition, situation, or environment.

Psychosomatic Diseases

Illnesses where psychological factors play a significant role in the development, manifestation, or exacerbation of physical symptoms.