Your friend tells you he is working on setting up a business. He tells you he has a business partner who shares in all decision making, it has been fairly easy to set up, he will only be taxed once on company profits, and he has limited liability for the company. What kind of business has your friend most likely described?
(A) General partnership
(B) Service cooperative
(C) Limited liability partnership
(D) Limited partnership
Answer: (C) Limited liability partnership
Business
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a. already familiar to an audience b. never familiar to an audience c. too long to be written as abbreviations d. pronounced as words
Business
Upward communication enables subordinates to relate more closely to, and identify with, their superiors
Indicate whether the statement is true or false.
Business