Coco Is Considering Forms of Business Organization for Her Concessions

question 4

Multiple Choice

Coco is considering forms of business organization for her concessions business-Coco's Cupcakes. Most states require that a limited liability company have

• A) no minimum number of members.
• B) at least one member.
• C) at least two members.
• D) at least three members, including at least one general partner.

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Definitions:

National Defense

Government or collective actions and strategies intended to protect a country and its citizens from external threats and maintain territorial integrity and sovereignty.

Opportunity Cost

The amount of other products that must be forgone or sacrificed to produce a unit of a product.

Government Deficits

The financial shortfall when a government's expenditures exceed its revenues.

Domestic Output

The sum of the worth of all products and services generated inside the confines of a nation over a specific duration.