Under the UPA, dissolution by operation of law occurs:
A) if a partner has been adjudicated mentally incompetent.
B) when a partner has engaged in conduct prejudicial to the business.
C) upon the bankruptcy of a partner.
D) when the business can be carried on only at a loss.
C
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A primary reason why nations conduct international trade is because
a. most goods and services are cheaper abroad. b. they can acquire the resources needed for domestic production. c. a global economy helps bring production and consumption together. d. certain goods and services can be obtained more economically through trade.
A mutual fund is
A. a hedge fund that only wealthy people may invest in. B. a company that buys a share of each stock in the entire stock market. C. an investment company that buys stocks in companies that are not growing strongly. D. an investment company that pools the funds of many investors and buys a large number of different stocks.
GAAP does not require companies to disclose the balances of depreciable assets by nature or function but by major classes
Indicate whether the statement is true or false
In order to develop the "right strategy" to succeed in business, managers must make the right decisions; and in order to make the right decisions, they must have objective, accurate, and timely:
A) reports about the competition B) reports about customers wants and needs C) information about market trends and changes D) the number and sizes of market segments E) information