In states that have adopted partial shield statutes, partners may not be held personally liable for

A. any debts and obligations of the partnership.
B. partnership obligations incurred due to their own wrongdoing.
C. partnership debts and obligations incurred due to the wrongdoing of other partners.
D. both B and C.


C. partnership debts and obligations incurred due to the wrongdoing of other partners.

Business

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Influences on the external marketing environment that stem from actions of elected and appointed officials are called ____ forces.

A. government regulatory B. legal C. external cultural D. social E. political

Business

In some cases, a firm may be looking to develop a long-term relationship with a potential supplier, particularly if the supplier is in the "Routine" quadrant of the Strategy Portfolio Matrix and the category of spend is low volume and routine to the company's business

a. True b. False Indicate whether the statement is true or false

Business

On December 31, Year 1, Houston Company's total current assets were $560,000 and its total current liabilities were $420,000. On January 1, Year 2, Houston issued a long-term note to a bank for $30,000 cash.Required:(a) Compute Houston's working capital (1) before and (2) after issuing the note payable.(b) Compute Houston's current ratio (1) before and (2) after issuing the note payable. Round your answer to two decimal places.

What will be an ideal response?

Business

Consumer behavior refers to

A. the aspects of a consumer's decision-making processes that cannot be measured. B. the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions. C. those purchasing behaviors that result from (1) repeated experience and (2) reasoning. D. the mental and social processes related to purchasing that are innate in a person from birth. E. the five stages a buyer passes through in making choices about which product and service to investigate, purchase, and consume.

Business