Which one of there features would be considered the most advantageous benefit of a general partnership?
-personal liability limited to percentage of ownership
-management control spread amongst the partners
-substantial growth obtainable without changing the form of ownership
-increased capital financing as compared to a sole proprietorship
-increased capital financing as compared to a sole proprietorship
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After Fidel Castro took power in Cuba in 1959, his government seized control of American property without paying compensation
Coca-Cola, DuPont, Texaco, and dozens of other American companies have filed claims against Cuba seeking financial settlements. Which of the following terms most specifically describes the action Castro took against these companies? A) nationalization B) confiscation C) expropriation D) internationalization E) deportation
The Valor Company manufactures two products: L and M. The costs and revenues are as follows: Product L Product MSales price$150 $112 Variable cost per unit 90 68 Machine hours per unit 15 10 Total demand for Product L is 2,000 units and for Product M is 1,000 units. Machine time is a scarce resource. During the year, 36,000 machine hours are available.Required:a. How many units of Products L and M should Valor produce?
What will be an ideal response?
In the context of consumer markets, which of the following is true of consumers?
a. They often follow the practice of reciprocity. b. They tend to buy in very large quantities. c. They approach purchasing rather formally. d. They normally buy products rather than lease them.
Which of the following is mandatory for the addition of a new limited partner to an existing limited partnership?
A) death or retirement of a limited partner B) majority vote in a formal election constituting all partners C) written consent of all partners D) merger with another limited partnership