Samia's interior decorating business has grown sir opened it by herself three years ago. Now she ha another decorator who shares in the managerial making and profits, as well as six decorators who he basic workload. Samia has restructured her co Fo reflect these changes and only these changes kind of company does Samia have now? O a. A limited partnership O b. A limited liability partnership

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Samia's interior decorating business has grown since she
opened it by herself three years ago. Now she has
another decorator who shares in the managerial decision-
making and profits, as well as six decorators who share in
the basic workload. Samia has restructured her company
to reflect these changes and only these changes. What
kind of company does Samia have now?
O a. A limited partnership
O b. A limited liability partnership
O c. A sole proprietorship
O d. A general partnership
Transcribed Image Text:Samia's interior decorating business has grown since she opened it by herself three years ago. Now she has another decorator who shares in the managerial decision- making and profits, as well as six decorators who share in the basic workload. Samia has restructured her company to reflect these changes and only these changes. What kind of company does Samia have now? O a. A limited partnership O b. A limited liability partnership O c. A sole proprietorship O d. A general partnership
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