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S_A_V [24]
3 years ago
9

Abby and Zeke begin a joint venture together selling fruitcakes door to door. Each invests $500. The joint venture generates lar

ge debts, and there is not sufficient income from the joint venture to pay them. Abby and Zeke as joint venturers are:
a. liable only to the amount of assets available in the joint venture.
b. liable only to the amount invested.
c. personally liable.
d. personally liable in proportion to the amount invested.
Business
2 answers:
zmey [24]3 years ago
5 0

Answer:

The correct option is C,Abby and Zeke are personally liable

Explanation:

Being personally liable means that if the amount of assets available in the joint venture is not enough to pay back the debts owed by the joint venture, the joint venturers would have to pay the debt balance from private pockets.

Option A is applicable to limited liability companies as well as limited liability partnerships.

Option B is also wrong based on the point cited for option A.

The same issue applies to Option D.

In other words, options A,B and D are only applicable to limited liability situations and the joint venture is not a limited liability business.

polet [3.4K]3 years ago
3 0

Answer: c. Personally liable

Explanation:

Abby and Zeke begin a joint venture together selling fruitcakes door to door. Each invests $500. The joint venture generates large debts, and there is not sufficient income from the joint venture to pay them. Abby and Zeke as joint venturers are therefore personally liable, because as joint ventures they must each take responsibility for the venture.

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aleksandr82 [10.1K]

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a breakthrough project

Explanation:

Having competitive advantage <em>implies</em> being in a  condition or circumstance that puts an organisation in a favorable business position.

Therefore, a Breakthrough Project would create a competitive advantage that enables the organization to earn a greater than normal return on investment than its competitors, because it is like a<em> disruptive innovation.</em>

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3 years ago
According to the principle of comparative advantage, trade between two countries will benefit Group of answer choices
tatuchka [14]

Answer: D. Both countries

Explanation:

The options include:

A. neither country

B. the country with lower production costs

C. the country with higher production costs

D. both countries

Comparative advantage occurs when a particular country produces a certain goods based on the fact that it has a lower opportunity cost of its production when compared to the other country. This typically occurs in international trade.

Comparative advantage is beneficial to both countries that are involved as the countries purchase the goods that it doesn't have a comparative advantage in from the other country.

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3 years ago
The upward-sloping portion of the long-run average cost curve is a result of:.
iogann1982 [59]

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2 years ago
Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Cu
Irina-Kira [14]

Answer:

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And, the other options are related to currency or the instruments instead having less liquidity levels

Therefore the option a is correct

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3 years ago
Assume you are the CEO of Black Diamond, a global organization. You need to assemble members for new project team that is based
Andreyy89

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culturally similar

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