scenario 5: three friends, alex, chris, and taylor, come together with a shared vision to create a new…

scenario 5: three friends, alex, chris, and taylor, come together with a shared vision to create a new mobile app. they each invest money into the project and actively contribute to its development. they plan to distribute profits among themselves based on their individual contributions to the project. which type of business? justification: 1. 2. scenario 6: sarah, james, and michael are computer programmers with a groundbreaking idea for a software application. they decide to form a company called \techsolutions inc.\ they seek investments from venture capitalists and issue shares of stock in exchange for funding. they hire a team of developers and marketing experts to help them bring their software to market. profits generated by the company are distributed among the shareholders based on the number of shares they own. which type of business? justification: 1. 2.

scenario 5: three friends, alex, chris, and taylor, come together with a shared vision to create a new mobile app. they each invest money into the project and actively contribute to its development. they plan to distribute profits among themselves based on their individual contributions to the project. which type of business? justification: 1. 2. scenario 6: sarah, james, and michael are computer programmers with a groundbreaking idea for a software application. they decide to form a company called \techsolutions inc.\ they seek investments from venture capitalists and issue shares of stock in exchange for funding. they hire a team of developers and marketing experts to help them bring their software to market. profits generated by the company are distributed among the shareholders based on the number of shares they own. which type of business? justification: 1. 2.

Answer

Brief Explanations:

Scenario 5:

In a partnership, two or more people contribute resources and share profits based on their contributions. Alex, Chris, and Taylor are pooling money and work, and will distribute profits accordingly.

Scenario 6:

A corporation is a legal entity separate from its owners. It can issue shares, seek external funding from venture - capitalists, and distribute profits to shareholders based on share - ownership. TechSolutions Inc. fits this description.

Answer:

Scenario 5: Partnership

  1. Multiple people contribute resources (money and work).
  2. Profits are distributed based on individual contributions.

Scenario 6: Corporation

  1. Issues shares of stock to raise funds from venture - capitalists.
  2. Profits are distributed among shareholders based on the number of shares owned.