Torrie Is Thinking of Starting Up a Small Business Selling

question 136

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She asks her sister,Lisette,if she'd like to join her in setting up a partnership to start the business.What is one disadvantage in joining the partnership that Lisette should consider?

• A)Lisette should realize that her profits in the partnership will always be less than Torrie's profits,since Torrie had the idea to start the business.
• B)Lisette should realize that,as an owner of the business,she will be personally responsible for the debts of the business.
• C)Lisette should realize that only Torrie will be allowed to own stock in the business as the founding partner.
• D)Lisette should realize that Torrie will have complete control over the business because it was her idea.

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Definitions:

Adult Life

The period in a person's life following adolescence, marked by full legal rights and responsibilities and typically involving employment, and possibly marriage and parenthood.

Gender Stereotyping

The generalized views and preconceived ideas about attributes, roles, and behaviors of males and females, often leading to discrimination and inequality.

Gender Roles

The social and behavioral norms that are considered appropriate for individuals of a certain gender within a specific culture.

Gender Preparation

The social process through which individuals are taught and learn gender roles and expectations, often according to societal norms associated with their sex.