Question

lois and harper plan to open a florist shop. lois is unable to devote full time to the daily operations of the shop but wishes to provide financial support. which form of business partnership is most likely to appeal to lois?
nonprofit
private
general
limited
question 6
5 pts
the scott company decided to sell stock to raise capital. under what form of business ownership does the company operate?
cooperative
sole proprietorship
partnership
corporation

Explanation:

• For the first question: In a limited partnership, there are general partners who manage the business and limited partners who mainly provide financial support (like Lois). Non - profit is for non - financial gain purposes. Private is a very broad term not specific to this scenario. General partnership requires active management from all partners.
• For the second question: A corporation is a form of business ownership that can sell stock to raise capital. A cooperative is owned by its members for mutual benefit. A sole proprietorship is owned by one person and cannot sell stock in the traditional sense. A partnership is owned by a small number of partners and not typically through selling stock to the public.

Answer:

• First question: Limited
• Second question: Corporation