None of the above 41. Alex intends to start a retail business. He wants to control the entire business and receive all the profits from the business. What business organization would you recommend? Individual sole proprietorship. Partnership Corporation Joint Venture 42. Betty and Dan intend to jointly establish a catering business. They will each pool their respective resources for the purpose of conducting business and jointly manage the operation. What business organization would you recommend? Individual sole proprietorship Partnership Corporation Franchise 43. Three friends are planning to start a manufacturing firm. It is important to them that they do not have personal liability for obligations of the business and the business will continue even if one of the parties dies. What business organization would you recommend? Individual sole proprietorship Franchise Partnership Corporation 44. Tracy, Sam and Elliot pool their resources for the specific purpose of developing a special type of computer chip. They each have equal rights to control the business of this limited undertaking. Under these facts: A. The business undertaking is that of a limited liability partnership. B. The business undertaking is that of a corporation C. The business undertaking is that of a Joint Venture