A _____ partnership is one devoted to providing services, such as accounting, medicine, law, and, similar professional services. nominal limited nontrading trading
A. trading
B. limited
C. nontrading
D. nominal
Answer: C. nontrading
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Answer the following statements true (T) or false (F)
Under the revenue-expense approach, the income statement is regarded as simply a way of classifying and reporting on changes that occur in a firm’s net assets.
Answer the following statement(s) true (T) or false (F)
1. With enough online resources to access most corners of the world, almost anybody can be a leader, with or without formal authority, given the right skills and a strong initiative. 2. Informal leaders must act in the best interests of the organization and have certain rights and privileges that allow them to reward or discipline employees. 3. Management and leadership mean the same thing. 4. One could argue that Steve Jobs was a visionary type of leader. 5. Trait leadership perspective theory assumes effective leaders are born, not made.
The economies of China, Russia, India, and Vietnam present ________ political risk for multinational companies.
A. macro B. micro C. relative D. proactive
Suppose, with reference to #57 above, that Pickford already owns an interest in the biotech firm, but Munford Stanley is not the underwriter. Pickford:
a. Does not have a conflict of interest. b. Has a conflict of interest, but it is acceptable in IPOs. c. Has a conflict of interest that must be disclosed to all purchasers. d. Does not have a conflict of interest, but Munford Stanley does. e. None of the above