Answer the following statement(s) true (T) or false (F)
1. The limited partnership is generally taxed as a separate entity
2. Limited partners are granted the same rights as general partners of a general partnership.
3. The limited partner in a limited partnership is often considered to be more of an investor than an actual partner to the partnership.
4. The interest of a limited partner is considered to be personal property.
5. All limited partners have an equal right to manage the affairs of the limited partnership.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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Which of the following is true of shipping goods via water transportation?
A) Water transportation is an efficient way to ship perishable merchandise over long distances. B) Water carriers are highly flexible in their routing and time schedules. C) Water transportation provides in-transit services, such as the processing of goods en route. D) Water transportation is ideal when time is short and speed is needed. E) Water transportation is the slowest mode of transportation and the most affected by the weather.
________ combine an economy supermarket with other lower-priced non-food merchandise
A) Variety stores B) Category killers C) Supercenters D) Box stores E) Convenience stores
A speech where the speaker has carefully prepared notes and an outline and has practiced a great deal is a(n) ______.
a. mediated presentation b. extemporaneous presentation c. manuscript presentation d. memorized presentation
Megan was employed by a large company. Her supervisor told her to falsify government reports. She refused and was fired. She sued for wrongful discharge. Her employer claimed that, since Megan was an at-will employee, she had no legal right to claim the company was liable for damages. Is the employer right?
a. Yes. An at-will employee does not have a legal right to claim wrongful discharge of employment. b. Yes. As an employee, Megan owes a duty of loyalty to her employer. If the company was found to have acted illegally by falsifying the reports, it (not Megan) would be liable. c. No. Even though Megan was an at-will employee, such employees may not be fired without just cause. d. No. Though at-will employees do not have extensive rights relative to job security, they may not be legally fired for refusing to perform an illegal act.