Rita wants to beinvolved in business. She has a fair amount of money to invest, butshe does not want to be involved in management. She wants to form abusiness in the quickest way possible under her circumstances.Which form of business would be best for Rita?

Corporation Limited partnership Sole proprietorship LLC

Hal and Miranda have ageneral partnership business for landscaping projects. Hal makes acontract with a customer for a project one day while Miranda isabsent and leaves on vacation the next day. Miranda does not feelshe has the time to perform the contract for the customer. Which ofthe following is true?

Only Hal is obligated to performthe contract. Miranda may relinquish herobligation to perform the contract since Hal signed it without herknowledge. Indeterminable without moreinformation. Miranda is obligated to performthe contract.

Loptech, a technologyfirm, wants to issue bonds for investment purposes. Loptech has oneof the best credit ratings in the industry. Market rates for debtinstruments average at .5% interest. Based on its credit rating,Loptech would likely sell bonds that pay _____.

Indeterminable with currentinformation 0.75% 0.25% 0.5%

Cadence works forWilderCorp. She meets with a team to make all-encompassingdecisions concerning the direction of the business. She alsopersonally supervises managers and conducts training forsupervisors and plant managers. Cadence also buys stock inWilderCorp. What is Cadence’s position in the company?

Shareholder More than one option Director Executive