Answer:
Their business should be classified as a Partnership.
Explanation:
The three major types of businesses are Sole Proprietorship, Partnership & Corporation. Sole Proprietorship has only one member and corporations have shared ownership and big in size. Partnerships are businesses in which a small number of people decide to pool in and start a business and are personally liable for any business debts. In this case the coffee shop opened by Franklin, John, Henry, and Harry would be classified as a Partnership.
Partnerships have a limited life and it will dissolve if any of Franklin, John, Henry, and Harry decide to leave the partnership unless stated otherwise in the charter of the partnership.
The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.
Answer:
False
Explanation:
According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.
Total number shall not fall below 5 members.
Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.
In case it is talking about only about the character being scientific expertise or not then it is true.
But total members are 5 and not 2 thus statement is false.
