Torrie is thinking of starting up a small business selling hand-painted wine glasses. She asks her sister, Lisette, if she'd like to join her in setting up a partnership to start the business.
What is one disadvantage in joining the partnership that Lisette should consider?
A) Lisette should realize that, as an owner of the business, she will be personally responsible for the debts of the business.
B) Lisette should realize that her profits in the partnership will always be less than Torrie's profits, since Torrie had the idea to start the business.
C) Lisette should realize that Torrie will have complete control over the business because it was her idea.
D) Lisette should realize that only Torrie will be allowed to own stock in the business as the founding partner.
Question 2
Danielle Ocean pays for monthly pool maintenance for her home swimming pool. Last week the owner of the pool service informed Danielle that he will have to raise his monthly service fee because of increases in the price of pool chemicals.
How is the market for pool maintenance services affected by this?
A) There is a decrease in the demand for pool maintenance services.
B) There is a decrease in the quantity of pool maintenance services supplied.
C) There is an increase in the supply of pool maintenance services.
D) There is a decrease in the supply of pool maintenance services.
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