BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Michael Cohn is a “member” (a type of owner) of a marine supply business. Michael’s business is:
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a sole proprietorship.
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a corporation.
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a limited liability company
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a general partnership.
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Explanation:
Detailed explanation-1: -Michael Cohn is a “member” (a type of owner) of a marine supply business. Michael’s business is ? a sole proprietorship.
Detailed explanation-2: -Which of the following is an advantage of a corporation that is not an advantage as a limited partner in a partnership? Limited liability.
Detailed explanation-3: -Financial markets facilitate the interaction between those who need capital with those who have capital to invest. In addition to making it possible to raise capital, financial markets allow participants to transfer risk (generally through derivatives) and promote commerce.
There is 1 question to complete.