Jenna approached Al Ternator about joining the business as an owner.She proposed that she continue to provide the technical expertise and deal directly with customers,while Al,who has a college degree in finance,handles many of the financial aspects of running AutoMotion.In addition,Jenna wants Al to contribute some much-needed money for expansion.Under Jenna's proposal,she and Al would operate the business together as:
A)Limited partners.
B)General partners.
C)Majority shareholders.
D)Business consultants.

Question

Quizplus · Accepted Answer

Based on the proposal, Jenna and Al would operate the business together as general partners. They would both have an equal share in the management, profits, and losses of the business. Additionally, their respective roles - Jenna as a technical expert and customer-facing representative, and Al with his finance acumen and financial management responsibilities - are complementary and necessary for running the business successfully.

Jenna Approached Al Ternator About Joining the Business as an Owner.She