Unlimited liability refers to
A) a claim to the partners' personal assets by creditors if the partnership cannot pay its debts.
B) the ability of any partner to bind the partnership to a business agreement as long as he or she acts within the scope of the company's normal operations.
C) co-ownership of partnership property.
D) the method of income distribution.
A
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Which of the following is another term for convertible debt?
a. convertible bond b. convertible stock c. loan forgiveness d. revolving debt
In Markov analysis, once the system moves into a(n) ________ state, it is trapped and cannot leave
Fill in the blank with correct word.
How can managers increase the likelihood of making change happen successfully?
A. They should realize that they are just change agents not change leaders. B. They should discourage entrepreneurial mindsets. C. They should give individual employees a role in the change process. D. They should adapt the changes made by their competitors.
Darla sold an antique clock in 2018 for $3,000. She had purchased the clock in 2009 for $2,000. If she is otherwise in the 32% marginal tax bracket, what is the maximum tax rate on the capital gain on the sale of the clock?
A) 32% B) 15% C) 28% D) 25%