When two parties incur the liability of a partnership without actually being partners, it is referred to as
a. partnership by apparent authority.
b. a wrongful association.
c. a charitable partnership.
d. partnership by estoppel.
d
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After a long interview process, Miguel called Joseph to offer him the job. Over the phone, Miguel described the pay and other benefits of the job. Joseph accepted the offer. The two now have a(n) ______ contract.
A. express B. implied C. quasi D. collective
Answer the following statement(s) true (T) or false (F)
1. The management/elimination of non-value-adding activities is a part of material flow mapping. 2. In a material flow map, a delay is represented by a diamond. 3. A part of a process where a product is being worked on would be represented by a rectangle in a material flow map. 4. A bottleneck results in reduced order lead time.
Nonlinear integer programming models offer additional challenges for solution algorithms because:
a. The values of reduced gradients are valid only at the point of the optimal solution. b. The values of Lagrange multipliers are valid only at the point of the optimal solution. c. The generalized reduced gradient algorithm cannot differentiate local and global optima. d. All of the above
All the business forms listed below have limited liability EXCEPT the
A. limited liability company. B. general partnership. C. "S" corporation. D. corporation.