What is a limited liability limited partnership? What distinguishes it from a limited partnership?
What will be an ideal response?
A limited liability limited partnership, an LLLP, is a special form of a limited partnership in which all partners limited partners and general partners-have limited liability for the debts and obligations of the partnership. Thus, unlike a limited partnership (an LP), none of the partners, not even an individual general partner, is personally liable for the debts and obligations of the limited partnership. The limited liability of the general partner, even a natural person as the general partner, is provided by the formation of the LLLP. The debts of an LLLP are solely the responsibility of the LLLP.
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The FASB's conceptual framework includes which of the following as financial reporting objectives?
a. Provide information useful for making rational investment and credit decisions. b. Provide information to help current and potential investors and creditors assess the amount, timing, and uncertainty of future cash flows. c. Provide information about the economic resources of a firm and the claims on those resources. d. Provide information about a firm's operating performance during a period. e. all of the above
You've been offered a position over the phone with a firm and were asked to confirm your acceptance in a letter. Your letter should be written
a. inductively, concluding with an enthusiastic response to the job offer. b. deductively, reviewing the match between job description and applicant qualifications. c. inductively, reminding the employer of all benefits and salary agreements. d. deductively, affirming job acceptance and confirming the first day of work.
A strong rapport deepens the quality of the relationship between the customer and the salesperson, making successive sales easier.
Answer the following statement true (T) or false (F)
TynsCorp has rolled out a new set of benefits from which employees may take advantage of one per calendar year. These benefits include up $2,000 towards the cost of home insulation or the purchase of a hybrid car. This program is an example of green benefits.
Answer the following statement true (T) or false (F)