Which of the following types of liability do limited partners of a limited partnership have for the debts and obligations of the limited partnerships?
A) unlimited personal liability
B) liability restricted to debts up to their capital contributions
C) liability of termination as partner
D) unlimited organizational capital liability
B
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Compare the following statements and select the one that accurately describes a company that is practicing supply chain management.
A. It has an outward focus regarding the activities of its own company. B. It has an inward focus on the activities and performance of other companies. C. It does not rely on other members of the supply chain to add value to the final product. D. It recognizes the importance of sharing supply and demand information with suppliers and customers. E. It sets up technology to enable the sharing of demand information with suppliers.
How does a code of ethics differ from an organization’s vision statement?
a. It addresses acceptable behavior for specific situations, not general aspirations for behavior. b. It describes aspirations for employee behavior, not future organizational aspiration. c. It deals with organizational culture, not acceptable behavior in specific situations. d. It articulates an organization’s purpose, not its future aspirations.
The reward system for subunit managers of mature businesses should emphasize
a. long-term competitive prospects. b. near-term profit and cash flow. c. success in product design and development. d. exceeding last year's subunit profit.
A business message should be long because quantity enhances quality
Indicate whether the statement is true or false