In a limited partnership at least one general partner must exist; that general partner has unlimited
liability.
Indicate whether the statement is true or false
TRUE
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The quota sample does not require selection on a probability basis and is, therefore, much easier to implement than random sample
Indicate whether the statement is true or false
An understatement of year 1's ending inventory will
A) cause year 2's cost of goods sold to be overstated. B) result in an understatement of year 2's beginning inventory. C) not affect year 2's ending owner's equity. D) have no effect on year 2's gross margin.
Internal data that change leaders should consider include all of the following except:
a. Customer retention and satisfaction b. Profitability c. Whether or not employees pick up litter around the office d. Strategic intentions of competitors
In the above scenario, to avoid legal nuisance, Frasier decides to compromise with James. He asks James to fix a tap in the barn for $250, and modify the current contract to include the tap in the barn
James agrees to this, and does as asked while Frasier remakes the contract. Which of the following would this kind of settlement be referred to as? A) duress B) past consideration C) accord D) mirror image rule acceptance