A merchant has greater potential warranty liability than does a casual seller.?
Indicate whether the statement is true or false
True
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Depreciation has no effect on income taxes, since it only reduces a plant asset's book value
a. True b. False Indicate whether the statement is true or false
The services of full-service suppliers can be categorized into all of the following types of services EXCEPT:
A) syndicated services. B) environmental services. C) customized services. D) Internet services. E) B and D
Participants need not take notes during a meeting
Indicate whether the statement is true or false
Which of the following is correct regarding the fiduciary duties in a limited partnership?
a. The general partner has a fiduciary relationship to the limited partners, but not to any other general partners. b. Judicial authority seems to suggest that the limited partner has no fiduciary duty to the partnership. c. The fiduciary duty of the general partner has little effect upon the interests of the limited partners, because they have no ability to manage or control the partnership. d. All of these are correct.