1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedaia [141]
3 years ago
6

Xavier and Shawn are co-owners of a party-planning business. They split all of the profits 50-50 and are able to make decisions

that are binding on both parties. At one of their parties a guest is injured on a piece of equipment. The guest sues Xavier and Shawn, and they find they're personally liable for any damages. What kind of business structure do they have?
Question 8 options:



Sole proprietorship



General partnership



Limited liability company



Corporation
Business
2 answers:
pshichka [43]3 years ago
5 0

In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.

JulsSmile [24]3 years ago
4 0

Answer: General partnership

Explanation:

You might be interested in
What is the 80/20 rule? A very small number of things in your life are going to contribute to something valuable. or A very smal
Airida [17]

A very small number of things in your life are going to contribute to something valuable

5 0
3 years ago
What is the standard deviation of a portfolio of two stocks given the following data: Stock A has a standard deviation of 18%. S
Lerok [7]

Answer:

Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, and the correlation coefficient between the two stocks is -.23. A) 9.7% B)

Explanation:

Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, the portfolio contains 60% of stock B, and the correlation coefficient between the two stocks is -.23. A. 9.7% B. 12.2% C. 14% ... The standard deviation of return on investment A is .10, while the standard deviation of return on investment B is .05.

5 0
3 years ago
Firms gain control over price in monopolistic competition by A) blocking entry of other firms into the industry. B) producing a
NNADVOKAT [17]

Answer: Firms gain control over price in monopolistic competition by <u>"C) differentiating their products.".</u>

<u />

Explanation: Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market. The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain power of market, have a certain voice when setting their prices and are not merely "price-acceptors", as in the case of perfect competition.

5 0
3 years ago
The ________ statement of a business report provides a clear description of the situation that created the need for the report.
Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

3 0
3 years ago
When is taking a zero percent APR option more beneficial than a large rebate?
kykrilka [37]
Taking a zero percent APR option is more beneficial than a large rebate when you want  to save more money in the long run. Rebates are usually fixed amounts of money.
4 0
4 years ago
Other questions:
  • The concepts of flexibility and real options are closely related to the importance of history and ________ described as potentia
    10·1 answer
  • Match the correct strategy to the risk..
    14·1 answer
  • If $17,000 is invested at 11​% per​ year, in approximately how many years will the investment​ double?
    10·1 answer
  • Fiona is a manager at Tune In Solutions. As a leader, she has complete authority to recruit and lay off employees. She also has
    10·1 answer
  • According to the VRIO (value, rarity, imitability, organization) criteria, which of the following marketing or supply chain acti
    6·1 answer
  • Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal, annual year-end payments of $5,009. The not
    8·1 answer
  • Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then shipped to two outlets, located in Ch
    12·1 answer
  • A maple sugar manufacturer wants to estimate the average trunk diameter of Sugar Maples trees in a large forest. There are too m
    15·1 answer
  • WILL GIVE BRAINLIEST PLS ANSWER
    7·1 answer
  • 2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List th
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!