The answer of the above question is “product”.
Answer: Limited liability company
Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.
In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.
Hence from the above we can conclude that the correct option for them is limited liability company.
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
