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While starting a handbag company, Carol realizes she needs a business partner. She approaches her friend Uri. Carol says she will take care of management
While starting a handbag company, Carol realizes she needs a business partner. She approaches her friend Uri. Carol says she will take care of management and accept the risk of loss and Url's risk will be limited to his initial Investment. They agree to spilt profits until Uri recoups his Investment. After this point, Carol will take 75 percent of the profits. This is an example of a Multiple Choice sole proprietorship general partnership. limited partnership. O joint venture C corporation
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