Which of the following is true of the liability of an incoming partner?
A) An incoming partner is liable for the previous debts of the partnership.
B) An incoming partner is equally liable for all existing debts of the partnership.
C) An incoming partner is liable for the debts of the partnership only to the extent of his or her capital contribution.
D) An incoming partner is not liable for the future debts of the partnership.
C
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Which of the following statements about products, goods, and services is true?
A. Products and goods are synonymous terms B. Goods and services are tangibles C. Salespeople do not sell services D. Goods and products are tangibles E. Services and products are tangibles
Sofia is interested in joining Alpha Zeta Chi's sorority. She begins to shop at Renee's, a local store where the Alphas buy their clothes. She also asks her family for a new car because all the sorority members have new cars. In these instances, Sofia is influenced by
A. personality. B. a reference group. C. a consideration set. D. a knowledge base. E. a role conflict.
High P/E ratios tend to indicate that a company will _______, ceteris paribus.
A. grow quickly B. grow at the same speed as the average company C. grow slowly D. not grow E. None of the options are correct.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's quick ratio for 2015 is _________.
The financial statements of Burnaby Mountain Trading Company are shown below.
Note: The common shares are trading in the stock market for $27 each.
A. 1.3
B. 1.5
C. 1.69
D. 2.83