BJ's is a membership-only retail chain offering bulk groceries, electronics and other products in a no-frills format. Based on this information, BJ's would likely be categorized as a:
A) convenience store.
B) category killer.
C) department store.
D) warehouse club.
E) specialty store.
Question 2
Three college graduates want to start an auto shop. Two of the partners will do most of the work, so they plan to share, receiving 40 of the profits each. The remaining partner will get 20 of the profits. Because working with other people's cars can create liabilities, they want to form of business that provides liability protection. Which form of business best fits their needs?
A) Sole proprietorship
B) Partnership
C) S corporation
D) LLC
E) Pass-through corporation