bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the united states. bill wants to create a new company, 50% owned by bill and 50% owned by a major drug company. although he believes the pills are safe, bill is concerned about liability if someone becomes sick or dies. the best form of business organization for the new company is:

Limited Liablity Company

Explanation:

A Limited liability Company is an independent legal entity.  It is a business structure whose owners are not liable for its liabilities. The obligations of a company are separate from those of its owners.

For Bill, a limited company will be the best form of partnership. Forming a company requires two or more people or entities coming together and establishing a new business. Bill and the drug company qualify to create a new company.  In the event of liability form sickness, Bill will be liable to the extent of his share contribution.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.