Hani has a small house painting business with two employees. Hani's father gave his son start-up money and occasionally contributes to the business financially when Hani is having a cash flow problem but has nothing to do with the running of the business. Hani always pays his father back out of business profits. What kind of business does Hani have? a. A sole proprietorship O b. A corporation c. A partnership O d. A cooperative

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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Hani has a small house painting business
with two employees. Hani's father gave his
son start-up money and occasionally
contributes to the business financially when
Hani is having a cash flow problem but has
nothing to do with the running of the
business. Hani always pays his father back
out of business profits. What kind of business
does Hani have?
a. A sole proprietorship
b. A corporation
c. A partnership
O d. A cooperative
Transcribed Image Text:Hani has a small house painting business with two employees. Hani's father gave his son start-up money and occasionally contributes to the business financially when Hani is having a cash flow problem but has nothing to do with the running of the business. Hani always pays his father back out of business profits. What kind of business does Hani have? a. A sole proprietorship b. A corporation c. A partnership O d. A cooperative
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