Two advantages of ________ are that they can facilitate new-product acceptance and provide positive feedback to the parent brand and company

The cash value and surrender value on a life insurance policy may differ because

A) of taxes. B) of interest returns on the cash value. C) the policy is owned by the beneficiary. D) of outstanding policy loans.

Dan, Fran, and Stan want to establish and operate a mountain bike sales and rental shop. Dan

and Fran will be actively involved in the management of the business, but Stan is investing most of the money. The three of them do not want to form a corporation, but want to use a form of business, if possible, that will give limited liability to each of them. Which of the following is true? A) They could form either a limited liability company or possibly a limited liability partnership, and either of these would give limited liability to each of the three owners. B) They could form a limited liability company and each have limited liability, but if they formed either a limited partnership or limited liability partnership there would be at least one partner with unlimited liability. C) Because Dan and Fran will be actively managing the business, there is no form of business other than a corporation that will give them limited liability. D) They could each have limited liability in a properly formed limited partnership, limited liability partnership, or limited liability company.