Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal directly with customers, while Al, who has a degree in finance, takes care of the financial side of running Car Keepers. In addition, Genna wants Al to contribute some much-needed money for expansion. Under Genna'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

Since both partners are taking an active role in the business, they would be considered general partners.

Genna Approached Al Ternator About Joining the Business as an Owner