In which of the following ways does a limited partnership differ from a general partnership?
A) In a limited partnership, the general partner has an unlimited personal liability in the partnership;
whereas in a general partnership, all partners have unlimited personal liability.
B) In a limited partnership, all the partners make an equal contribution to the daily operations; whereas in
a general partnership, the general partner assumes a greater responsibility of the operation.
C) In a limited partnership, there will be only one class of partners named limited partners; whereas in a
general partnership, there will be only one class of partners named general partners.
D) In a limited partnership, each partner is not personally liable for the malpractice committed by another
partner; whereas in a general partnership, only the general partner is personally liable for the malpractice
committed by another partner.
A) In a limited partnership, the general partner has an unlimited personal liability in the partnership;
whereas in a general partnership, all partners have unlimited personal liability.
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Answer the following statements true (T) or false (F)
1. We all like to tell and hear stories about people and including this element in your speech could enhance your presentation. 2. Helping the audience visualize the benefits of a solution you have offered will increase their desire for the solution. 3. The presentation should begin with the speaker introducing himself and the topic. 4. A false close occurs when the speaker indicates he or she is finishing and then continues to introduce new information. 5. Conclusions should finish with a call for questions from the audience.
When developing a bad news message regarding organizational news, what should be done to minimize long-term financial implications?
A) Be open and transparent. B) Seek expert advice. C) Use multiple channels to reach affected audiences. D) Look for positive angles. E) Match your approach to the situation.
When Joe's Coffee Nook raised the price of a latte, Joe noticed a substantial change in how many lattes he sold daily. A price reduction caused his sales to increase. From this information, you can assume the demand for lattes is ________
A) static B) supply-driven C) asymmetrical D) elastic E) inelastic
Which of the following statements is most likely to be right?
A) The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the direct method. B) The method of preparing the operating activities section of a statement of cash flows which reports its cash inflows from operations followed by its cash outflows for operations is the indirect method. C) The FASB prefers the indirect method of preparing the operating activities section of the statement of cash flows. D) Most companies use the indirect method of preparing the operating activities section of the statement of cash flows.