In a limited partnership, the general partner has sole responsibility for managing the business and may be personally liable to the partnership's creditors

a. True
b. False
Indicate whether the statement is true or false


True

Business

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When a company increases its advertising and marketing during a major event, such as the Olympics, to capitalize on individuals watching the event, yet is not an official sponsor, it is:

A) allusion marketing B) incidental marketing C) distractive marketing D) saturation marketing

Business

A sample of positive confirmations is mailed for material accounts receivable balances. Frequently there is a lack of response. Which of the following is not an acceptable alternative procedure?

a. Reviewing collections on the account subsequent to the confirmation date. b. Inquiry of management. c. Mailing second and third confirmations. d. Examination of supporting documents.

Business

How are tables in a (M:M) association physically linked?

Business

A membership relationship is a formalized relationship between the firm and an identifiable customer that may offer special benefits to both parties

Indicate whether the statement is true or false

Business