Legally, a partnership must
A. have at least one limited partner.
B. have at least one general partner.
C. make all owners general partners.
D. not have any general partners.
E. designate a limited partner to be responsible for all debts of the partnership.
Answer: B
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What will be an ideal response?
A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. The cost-minimizing solution for this product is to order:
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a. Beech-Nut's purchasing manager b. Beech-Nut's CEO c. Beech-Nut's head of chemistry d. Beech-Nut's general counsel