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Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a A. Limited Partnership B. General Partnership C. Closely held corporation D. Publicly held corporation


Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a "General Partnership". So, the best option is B (General Partnership).

Related Questions

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Which of the following best describes a liability? a. anything of value owned by the business. b. something that a business owes. c. listed on the lift - hand side of a balance sheet. d. always equal to an asset

The correct answer of the given question would be option B. The statement that best describes a liability would be something that a business owes. A liability is considered an obligation and is listed on a company's balance sheet. This is part of the accounts payable. Hope this is the answer that you are looking for. 

Posted in Business

What is a person’s taxable income? A. all personal exemptions and deductions B. gross income after subtracting exemptions and deductions C. the gross income received from salaries, wages, tips, and commissions D. all income withheld by an employer and sent to the federal government

I'ts not the C, gross income received from salaries, wages, tips, and commissions. I just chose that on my quiz and got it wrong. I did a little more research after that and now I believe it is

B, gross income after subtracting exemptions and deductions.

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It is often easier for a brand-new business to get a loan than an existing business. True Or False

It would be false because starting a new business is way harder than keeping up with an existing one
 

Posted in Business

A business started from scratch can have bigger rewards than a franchise if it succeeds. True or False

True, any business can outdo a franchise, all it takes is enough money and brain power! I hope this helps! P.S I would love it if I got that fantastic Brainiest answer

Posted in Business

Define the following terms in your own words? activity: responsibility: accomplishment: skill: aptitude

Activity is something you do for fun 
responsibility is something you have to take care of yourself 
accomplishment is something you ill or have accomplished
skill is something that you were born to be able to do 
aptitude is .............?????????

Posted in Business

A small business loan is used to pay for the costs associated with starting your own company? True or false

Answer: True

Explanation:

A small business loan is known to be a loan given to an individual in order to start a business. The loan is used for running the day today activities of the business. The borrower that is the business owner reaches an agreement with the lender to repay the loan with interest over a specified period of time.

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When Hurricane Katrina shut down many oil refineries, the supply curve for oil A. shifted to the left B. shifted to the right C. stayed the same D. became equal to zero

When Hurricane Katrina shut down many oil refineries, the supply curve for oil shifted to the left. This is because the oil refineries in the Gulf of Mexico shut down which meant the supply for oil dropped.

Posted in Business

Select the true statement about standards for weights and measures. Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output. A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards. Standards often wind up discouraging the exchange of goods in the economy.

The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.

In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit

Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.

Posted in Business

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy). Interest rates rise. Businesses borrow more money. Consumption increases. Interest rates fall.

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy).

Consumption increases and interest rates fall.

If there is more money in the economy, then there is an increase in the money supplied and consumed. Due to more being available to 'claim' more people are working and buying items they may not have otherwise and the interest rates start to fall because people aren't borrowing as much.

Posted in Business

In order for a teen to have a successful business, they must to do all of the following EXCEPT _____. a. be prepared to work long hours b. make a profit with the business c. ignore customer satisfaction d. be able to promote the business

In order for a teen to have a successful business, they must to do all of the following EXCEPT ignore customer satisfaction. Without customer satisfaction, there are no customers and therefore no business.

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A _____ is a document that outlines specific information about your proposed business, including product, location, and marketing information. a. financial plan b. franchise agreement c. partnership contract d. business plan

A business plan is a document that outlines specific information about your proposed business, including product, location, and marketing information. They are very common in today's business world!

Posted in Business

Name the three factors of production and two payment types in the circular flow model. You may draw a diagram and label the necessary components if you wish.

Name the three factors of production:
1. land 
2. labour
3. capital
 Though sometimes entrepreneurship is included and occasionally land is excluded.
 The payment for goods and services is the price, the hiring of factors is usually called wage or rent depending on whether we are discussing labor or capital.  

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Select all the items that describe a free market economy. limited selection of goods and services freedom for consumers and producers competition between businesses distribution by price motivated by self-interest

The items that describe a free market economy are  :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest

Hope this helps

Posted in Business

The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.

- Interest = $10000 x .04965 x 13/52 weeks = $124.13 
- Proceeds = $10000 – 124.13 = $9875.87 
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03% 

Posted in Business

Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is the change in the value of dave's shares?

First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.

Posted in Business

Accountants truly represent the financial managers of a business. true false

False. Accountants crunch the numbers and report to financial managers who make the decisions. 

Posted in Business

Why do experts agree that small-business management and large-business management are similar in practice?

I believe the answer is: Similar to large businesses, small business have concerns about obtaining capital and good marketing and management practices


The only difference between the two is the methodology.

Large businesses could afford to obtain larger amount of capital in a large scale by selling stocks, which make them have money to pay large marketing campaign. Small businesses on the other hand tend to have rely on private investor and could only afford to pay small targeted marketing.

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