Competing with the partnership without the permission of other partners violates a general partner's ________
A) duty to inform
B) duty of loyalty
C) duty of care
D) duty of obedience
B
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The Gramm-Leach-Bliley Act created the financial holding company (FHC) structure in order to
A. allow banks to engage in additional non-banking activities. B. allow banks to merge with other banks. C. prevent banks from dealing in securities and insurance products. D. prevent bank holding companies from branching across state lines.
Pluto Travel Services provided the following information:
Direct labor rate: $40 per hour Predetermined allocation rate for indirect costs: $21 per direct labor hour Pluto is negotiating a job with a new client. The job will require 10 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to record $713 of revenues.
A budget can contain only financial information
Indicate whether the statement is true or false
A(n) ________ community is a group of nations organized to work toward common goals in the regulation of international trade
A) joint venture B) strategic marketing C) economic D) joint-stock E) multilateral