A partnership is liable for both the negligent and intentional acts of a partner if the acts were committed within the ordinary course of the partnership's business.
Answer the following statement true (T) or false (F)
True
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If a large furniture retailer were to purchase Drexel (a manufacturer of sofas and chairs), it would be an example of
A. horizontal integration. B. internal expansion. C. establishing a tying contract. D. an administered channel system. E. vertical integration.
Dusty dissociated from a partnership. To protect himself from debts of the partnership after he leaves, Dusty should
A. secure an indemnity bond. B. file a statement of dissociation with the secretary of state. C. execute a formal written agreement with the remaining partners. D. demand that the partnership terminate.
Which of the following is an example of a managerial sales and marketing process?
A) awarding a refund B) evaluating promotional discounts C) opening a new restaurant D) determining the payment policy
"Formal transfer of systems between groups improves the system and documentation quality" is an advantage of which maintenance organizational structure?
A) Separate B) Non-functional C) Combined D) Functional