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WARRIOR [948]
3 years ago
7

While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being

self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.If the business is legally Holly's and she assumes unlimited liability, then the business form would be ______.
Business
1 answer:
tatyana61 [14]3 years ago
3 0

Answer:

Sole proprietorship

Explanation:

The characteristics of Sole Proprietorship includes unlimited liability and the owner of the business runs the business. In this case, the owner Holly is legal owner of the business and is involved in the marketing and production of the business. As the business is not registered as a company, the liability is unlimited which meets the criteria of sole proprietorship.

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In that case, Prior to executing the purchaser's requirements about the earnest deposit and incentive distribution, the brokers must get written authorization from the seller.

If the purchaser wants the commitment money to generate interest. On provide interests to the buyer's earnest money, the broker must first obtain approval from the seller. Other alternatives are wrong since the broker does not enable you to make your own decisions.

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Why does a bank sometimes hold excess reserves?
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a. discharged.

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Describe the advantage of increased global trade and competition on the u.S. Economy
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The United States can specialise in producing goods and services which capitalise on its competitive advantages.

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