What type of business entity is a business organization like a general partnership in thatit consists of two or more people who are co-owners of a business for profit but not all of the co-owners of thebusiness are involved in the management and
operation of the business?
a. Limited partnership
b. Business corporation
c. Limited liability partnership
d. Limited liability company
a
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Brad works with a reputed retailer and leads a team that collects market information from a wide variety of sources ranging from marketing research studies to monitoring online conversations where consumers discuss Brad's firm or its products
Brad's team uses this information to arrive at a better understanding of consumer behavior and their buying motives. This, in turn, allows Brad's firm to successfully generate more value for consumers. Brad leads the ________ team. A) product development B) strategy implementation C) human resource D) customer relationship management E) customer insights
Extraordinary repairs usually are recorded by making a debit to
A) a capital account. B) Repair Expense. C) a contra-asset account. D) an asset account.
Answer the following statements true (T) or false (F)
Accounting theory includes conceptual frameworks, accounting legislation, valuation models, and hypotheses and theories.
In a sale of a used product, the warranty of merchantability may be disclaimed by selling the
product "as is." Indicate whether the statement is true or false