Which of the following is a partner who actively manages a firm and has unlimited liability for its debts?
A) Limited partner
B) General partner
C) Stockholding partner
D) Public partner
E) Silent partner
Answer: B
Explanation: B) A general partner is also known as an active partner because he or she plays an active role in the management of the partnership.
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Joe's Pizza Parlor is a late-night pizza and sandwich shop located on a college campus. Joe recently conducted a SWOT analysis. Compare each of the following to determine which one is a weakness for Joe's Pizza Parlor.
A. A graduate of the college, Joe is well liked in the community. B. Joe is concerned that the weak economy will lead to fewer students dining out. C. Joe finds it hard to staff the late night shifts, which are his busiest times. D. Joe is worried about the push for healthier eating. E. A new pizza shop has opened up down the street.
A judge's function is to make the law.
Answer the following statement true (T) or false (F)
Reliance damages include expenses for:
a. punishment of the breaching party. b. lost profits. c. preparing to perform. d. injury to the person.
Quotas are limits on the amounts of goods that can be imported.
Answer the following statement true (T) or false (F)