Zach and Mac Own an Auto Repair Business Which They

question 74

Multiple Choice

Zach and Mac own an auto repair business which they operate as co-owners.Both take an active role in the management of the business,and each accepts unlimited liability.Zach and Mac operate as a __________.

• A)joint venture
• B)general partnership
• C)limited partnership
• D)cooperative

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Definitions:

Strategy Transfer

The process of applying strategies or skills learned in one context to another context in order to solve problems more effectively.

New Situations

Circumstances or environments that are unfamiliar or previously unexperienced by an individual or group.

Modeling Critical Thinking

Demonstrating and applying the principles of critical thinking in order to encourage others to engage in analytical, reflective, and independent thinking.

Reasoned Way

A logical and well-thought-out approach to thinking, decision-making, or problem-solving.