27. In a business formation, profits and losses are "passed through" the business to each member: A. Public corporation B. Private corporation C. Sole proprietorship D. General partnership E. Limited liability corporation 28. A is a business model that involves one business owner licensing trademarks and methods to an independent entrepreneur for a prescribed period of time:

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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Certainly! Here’s a transcription of the educational content visible in the image:

---

**27. In a ___ business formation, profits and losses are “passed through” the business to each member:**

A. Public corporation

B. Private corporation

C. Sole proprietorship

D. General partnership

E. Limited liability corporation

**28. A ___ is a business model that involves one business owner licensing trademarks and methods to an independent entrepreneur for a prescribed period of time:**

[Note: The image does not provide options for question 28, and no diagrams or graphs are included in the image.]
Transcribed Image Text:Certainly! Here’s a transcription of the educational content visible in the image: --- **27. In a ___ business formation, profits and losses are “passed through” the business to each member:** A. Public corporation B. Private corporation C. Sole proprietorship D. General partnership E. Limited liability corporation **28. A ___ is a business model that involves one business owner licensing trademarks and methods to an independent entrepreneur for a prescribed period of time:** [Note: The image does not provide options for question 28, and no diagrams or graphs are included in the image.]
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