Which of the following events occurs first with respect to the ending of a partnership?
A. termination
B. winding up
C. dissolution
D. distribution of proceeds
Answer: C
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The enhancement of existing products is an external product development strategy
Indicate whether the statement is true or false
Which of the following is not an example of a hostile fire?
A) House burns down B) Automobile is destroyed by arson C) Fire in the fireplace destroys a valuable paper accidentally used to start the fire D) Fire starts on a couch when a cigarette falls on it
Which of the following is most likely to be a major business plan concern for bankers?
A. Asset or collateral base B. Monitoring compliance C. Compliance with regulations and laws D. Intellectual property protection
A firm wants to strengthen its financial position. Which of the following actions would increase its quick ratio?
A. Issue new common stock and use the proceeds to acquire additional fixed assets. B. Offer price reductions along with generous credit terms that would (1) enable the firm to sell some of its excess inventory and (2) lead to an increase in accounts receivable. C. Issue new common stock and use the proceeds to increase inventories. D. Speed up the collection of receivables and use the cash generated to increase inventories. E. Use some of its cash to purchase additional inventories.