It is possible to limit the liability faced by some of the partners in a partnership form of business by establishing a _____.
A. limited liability partnership (LLP)
B. general partnership
C. Proprietorship
D. concentrated partnership
E. limited accumulation partnership
Answer: A
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Because of the frequency with which world competition and information technology alter marketplace conditions, a company's ________ may have to be done closer to every 1 or 2 years than every 5.
A. management planning B. strategic planning C. tactical planning D. operational planning E. implementation planning
The Johnsons decided to sell their summer cabin on Beech Lake. They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin. The flyer described the location of the property, the size of the lot, and the price. If one of the recipients responds by sending a letter accepting, an agreement
a. will not be formed because the flyer was sent out as an invitation to make an offer. b. will be formed because the first to respond gets the property. c. will be formed because the price is included. d. will not be formed because of the parol evidence rule.
Congress has established thirteen judicial circuits (twelve numbered circuits plus the District of Columbia circuit), each having a court known as the Court of Appeals
a. True b. False Indicate whether the statement is true or false
The supply chain begins with______________ and ends with_________________.
A. employees; products B. marketing; sales C. production; inventory D. strategy; implementation E. raw materials; customers