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Business Structures and Partnerships in MGT 101 Exam With Complete Solution $9.99   Add to cart

Exam (elaborations)

Business Structures and Partnerships in MGT 101 Exam With Complete Solution

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  • Business Structures And Partnerships In MGT 101

Business Structures and Partnerships in MGT 101 Exam With Complete Solution...

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  • September 28, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • Business Structures and Partnerships in MGT 101
  • Business Structures and Partnerships in MGT 101
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Business Structures and Partnerships in MGT 101 Exam With
Complete Solution


Merger - Answer the combination of two firms within an industry.



Partnership - Answer a legal form of business that has two or more owners.



Franchise - Answer an arrangement whereby someone with a good idea for a business
sells the rights to use the business name and to sell a product or service to others in a
given territory.



Acquisition - Answer one company buys the property and obligations of another
company.



Limited Liability - Answer Limited partners and shareholders have this because they are
only responsible for the losses of a business up to the amount they invest.



Limited Liability Company (LLC) - Answer This unique government creation looks like a
corporation but is taxed like sole proprietorships and partnerships.



Licensor - Answer is a company that develops a product concept and sells others the
rights to make and sell the products.



Conglomerate - Answer A business proposal that marries firms in completely unrelated
industries.



Limited Partnership - Answer An agreement that is a partnership with one or more
general partners and one or more limited partners.

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