Which of the following is a similarity between general partnerships and limited partnerships?
A) They are created by a contractual agreement between two or more persons.
B) Losses are divided equally among the partners.
C) The personal liability of all partners is unlimited.
D) All partners have an equal role in the management of the organization.
A
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Managers of ________ businesses concentrate on achieving high manufacturing efficiency, low costs, and mass distribution
A) selling-oriented B) product-oriented C) production-oriented D) marketing-oriented E) consumer-oriented
Before licensing a particular software package, the company should test the system using _____, which is comparing actual performance against specific quantifiable criteria.
Fill in the blank(s) with the appropriate word(s).
Depreciation is the accounting term used to refer to
a. the periodic write-off of the acquisition cost of a tangible long-lived asset with a finite service life. b. the periodic write-off of the current fair market value of a tangible long-lived asset with a finite service life. c. the periodic write-off of the acquisition cost of an intangible long-lived asset with a finite service life. d. the periodic write-off of the current fair market value of a intangible long-lived asset with a finite service life. e. the periodic write-off of intangible assets.
A company's manager estimates that in the upcoming year, total variable costs will increase by $7,500 and total fixed costs will increase by $3,500. Assume that the unit sales price did not change. What will be the anticipated effect on net operating income?
A) Net operating income will increase by $11000. B) Net operating income will decrease by $11,000. C) Net operating income will increase by $4,000. D) Net operating income will decrease by $4,000.