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goji.go goji.go
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10 years ago
Kris and Amy own a workout facility in which they are co-owners. Both take an active role in the management of the business and each accepts unlimited liability. Kris and Amy operate as a ________.
A) joint venture
B) general partnership
C) limited partnership
D) cooperative
E) dual proprietorship
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Diesel
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bbb
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#1
10 years ago
B) Since Kris and Amy operate the business as co-owners, they have formed a general partnership. Since both will manage the firm and accept unlimited liability, they are both general partners. If either Kris or Amy were investors in the company and also did not have active roles in the company they would be referred to as limited partners.
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goji.go Authorgoji.go
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10 years ago
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Diesel

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