Lenny organized his business in delaware he has

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Week 2 Apply Assignment.docx

13 .   What role best fits the following situation ?
 Manny wants to be involved in a business but is not sure which type of business to join or create . He has capital to invest . He has a good network of potential investors and partners . He has no experience in management . o Limited partner in a limited partnership . o General partner in a limited partnership . o Neither a limited or general partner would be a good choice . FEEDBACK 6 / 6 ( 100.0 % )
14 .   Lenny organized his business in Delaware . He has customers in Delaware , other states in the U.S. , and in foreign countries . Lenny ’s business is __________ in Delaware .
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15 .   Mario and Johnny want to start a business . They have very little capital . They are new partners and largely unfamiliar with each other ’s management practices . They are happy , however , to be organizing a business together in order to avoid full liabilit y for the business . Which detail of this situation is a good reason for Mario and Johnny to create a general partnership ? o
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16 .   Juan wants to be involved in business . He has plenty of capital to invest , but he does not want to be involved in management . He also does not want to worry about fluctuations in the market prices of debt and equity instruments . Which form of business would be best for Juan ?
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17 .   Rita wants to be involved in business . She has a fair amount of money to invest , but she does not want to be involved in management . She wants to form a business in the quickest way possible under her circumstances . Which form of business would be best for Rita ?
 o LLC o Sole proprietorship o Corporation o Limited partnership
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18 .   Koffman Corporation is trying to raise capital . What method would be the least risky to raise capital if it has a less - than - favorable credit rating ? o
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19 .   Cadence works for WilderCorp . She meets with a team to make all - encompassing 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 ?
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20 .   What is the appropriate description for a plant - processing franchise ?
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14.Lenny organized his business in Delaware. He has customers in Delaware, other states in the U.S., and in foreign countries. Lenny’s business is __________ in Delaware.oClosely-heldoSubchapter SoDomesticoProfessionaloAlien
FEEDBACK6 / 6 (100.0%)15.Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other’s management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership?
FEEDBACK6 / 6 (100.0%)16.Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan?
FEEDBACK6 / 6 (100.0%)17.Rita wants to be involved in business. She has a fair amount of moneyto invest, but she does not want to be involved in management. She wants to form a business in the quickest way possibleunder her circumstances. Which form of business would be best for Rita?
FEEDBACK6 / 6 (100.0%)18.Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it has a less-than-favorable credit rating?oBond issuance, since nobody wants to buy shares of a company with a less-than-perfecoBond issuance, since additional debt can provide the company with more leverage.oWith low credit, Koffman doesn't have any options for raising capital.oStock issuance, since a credit rating won’t negatively affect Koffman’s ability to sell s
FEEDBACK6 / 6 (100.0%)19.Cadence works for WilderCorp. She meets with a team to make all-encompassing 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?
FEEDBACK6 / 6 (100.0%)20.What is the appropriate description for a plant-processingfranchise?
FEEDBACK6 / 6 (100.0%)

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