Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business? Little capital Avoidance of personal liability Possession of a partner None of the above Cadence works for WilderCorp. She meets with a team to make allencompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence's position in the company? Shareholder Director More than one option Executive Which of the following roles best ts the situation? Apol wants to start or join a business but is not sure which business organization would be best. She has a large amount of capital but does not yet have any partners who can invest or effectively manage the business. Neither a limited or general partner would be a good choice. General partner in a limited partnership