Which of the following statements is incorrect?
A) Limited partners' liability for partnership debt is limited to their amount of investment.
B) In a general partnership, all partners have unlimited liability for partnership debts.
C) In a limited partnership, all partners participate in managerial decision making.
D) All of the above are correct.
C) In a limited partnership, all partners participate in managerial decision making.
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Cost control is the emphasis of life-cycle cost management
Indicate whether the statement is true or false
When a company pays cash for a long-term investment in bonds, ________.
A) equity remains unchanged B) current assets increase C) liabilities increase D) total assets increase
The number of days' sales uncollected is determined by dividing
a. the number of days in a year by the receivable turnover. b. the number of days in a year by average accounts receivable. c. net income by average accounts receivable. d. sales by average accounts receivable.
In linear programming, maximizing profits or minimizing costs is an example of ______.
a. a variable b. a resource c. a constraint d. an objective