1-Belfour and Naveen work at Best Buyers. Last year they developed a computer program called Gamification that assist business with training new employees. After one year selling the program, they are making enough money to quit Best Buyers and sell Gamification full time. Unfortunately, too much togetherness causes the two friends to begin arguing about how best to move the company forward and who should be responsible for what tasks. They also argue about how they will split profits. After consulting a lawyer, they agree to write a contract that defines their roles and has a formula for sharing profits. What business structure do Balfour and Naveen have?

2-Mohammed is the sole owner of an investment company. After 30 years he wants to retire. He drafts a document in which his youngest brother Ahmed will get a salary for managing the business and profits will be distributed to beneficiaries, who are all Mohammeds children. What business structure is this? Joint Stock Company Franchise Limited Partnership Sole Proprietorship Syndicate Limited Liability Partnership Joint Venture Partnership Business Trust Cooperative

Joint Stock Company Franchise Limited Partnership Sole Proprietorship Syndicate Limited Liability Partnership Joint Venture Partnership Business Trust Cooperative