Author Question: Lamps Plus is a retailer of lamps, chandeliers, ceiling fans, and outdoor lighting, with over 30 ... (Read 121 times)

sc00by25 · **on:** Jul 14, 2018

Lamps Plus is a retailer of lamps, chandeliers, ceiling fans, and outdoor lighting, with over 30 stores nationwide. Based on this description, Lamps Plus would likely be categorized as a:
A) supermarket
B) department store.
C) convenience store.
D) specialty store.
E) warehouse club.

Question 2

Manuel owns a mobile pet-grooming business. Last year, as he was grooming a poodle named Fifi, Manuel accidentally dropped the clippers, causing a gash on the poodle's back. Fifi's owner then sued Manuel for the veterinarian bills. The court determined that Manuel owed Fifi's owners 2000. Manuel's pet-grooming business:
A) is likely a sole proprietorship, which means that Manuel has unlimited liability.
B) is likely an LLC with unlimited liability.
C) is likely a corporation, which means that Manuel has unlimited liability.
D) is likely a partnership, which means that Manuel as limited liability and only paid a portion of the veterinarian bills.
E) is likely a corporation, which means that Manuel has limited liability.