Which of the following is NOT true regarding limited partnerships?
a. General partners of a limited partnership remain jointly and severally liable for partnership obligations.
b. Limited partners assume no liability for partnership debts beyond the amount of capital they contributed.
c. Limited partners are responsible for the management of the partnership.
d. Limited partnerships are often used to raise capital.
c
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The primacy effect is said to persist due to ______, where initial information affects the conclusion one draws, and this conclusion then impacts later judgments.
A. stereotypes B. recency effect C. belief perseverance D. belief updating
M and M, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What is the amount of sales that will be necessary to earn the desired profit?
A. $50,000 B. $75,000 C. $83,333 D. $125,000
Which of the following markets is most likely to be characterized by oligopolistic competition in the United States?
A. soybeans B. men's clothing C. pens and pencils D. electrical service to the home E. smartphone service providers
In Fresenius Medical Care Holdings v. Tucker, where a Florida law prohibited physicians from having a significant financial interest in businesses to which patients were referred, the appeals court held that:
a. since the law had a rational basis related to the regulation of interstate commerce, it did not violate theConstitution b. since the law did not have a rational basis related to a legitimate legislative goal, it violated due process c. since the law had a rational basis related to a legitimate legislative goal, it did not violate the equal protection clause of the 14th amendment d. since the law did not have a rational basis related to a legitimate legislative goal, it violated the equal protection clause of the 14th amendment e. none of the other choices are correct