In a limited liability limited partnership, which of the partners are personally liable for the debts and obligations of the limited partnership?
A. the general partners
B. the limited partners
C. the general and the limited partners, jointly and severally
D. none of the partners
Answer: D
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The advantages of using in-home interviewing to collect research data include all of the following EXCEPT:
A) good for physical stimuli. B) least expensive. C) good sample control. D) large quantity of data can be collected. E) complex questions can be asked.
According to the text, the extent to which an IC relies on subsidiary management to make decisions depends on all of the following except:
A. whether the subsidiary managers have degrees in business. B. IC management understanding host country conditions. C. how well the executives know one another. D. the distance between the home country and the host country.
List two ratios that are measures of solvency
Jamie is building a house on her lot. She invites Earnie of Earnie's Excavation to bid on the excavation job. Earnie observes that the lot next to Jamie's is also under excavation and the soil in that lot is normal and not excessively rocky. Based on the assumption that the soil in Jamie's lot will be similar, he and Jamie agree that the excavation will cost $3,000 . When Earnie starts digging,
he learns there is solid rock under Jamie's lot. Earnie says it will cost an extra $2,500 for the excavation work. Jamie agrees just to get the job done but later refuses to pay a dime more than $3,000 . If Earnie sues, the most likely result would be a. Jamie wins, as Earnie was under a preexisting duty to dig the basement. b. Earnie wins as this modification is governed by the UCC and consideration is not required to enforce a modification of the agreement. c. Jamie wins as Earnie was not acting in good faith and just wanted to put Jamie in a situation where she didn't have a choice but to agree to more money. d. Earnie wins, as the modification was due to unforeseen difficulties.