In Eagles Landing Development, LLC v. Eagles Landing Apartments, LP, where the LLC built apartments for the LP, but the LLC was not paid for all its work, the LLC sued some limited partners in the LP for payment. The appeals court held that:
a. the limited partners had agreed to be personally liable on the debts of the LP, so were responsible
b. limited partners share equally in the debts of a limited partnership unless the agreement among the partners states something to the contrary
c. the LLC had agreed not to sue any limited partners individual, so could not later go back on that agreement d. limited partners are not liable for the debts of the LP
e. none of the other choices
d
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Corrective maintenance is conducted to improve the performance of an application
Indicate whether the statement is true or false
In the Kellogg's example given in your text, Kellogg's performed several tasks to identify their problem. Which of the tasks below was not used by Kellogg's to identify their problem?
A) They spoke to decision makers within the company. B) They developed and tested several new flavors of cereal using mall intercept interviews with adult customers C) They interviewed industry experts. D) They surveyed customers about their perceptions and preferences for cereals.
An externality exists if:
a. a producer of a good is unable to impose production costs on all users of the good. b. true market demand for a good is revealed in the market place. c. production of a good equals true market demand. d. the production of a good is regulated.
In calculating depreciation and amortization for tangible assets, functional factors that limit service lives include:
a. ordinary wear and tear from use. b. chemical action such as rust. c. the effects of wind and rain. d. obsolescence. e. none of the above.