Discuss the duty of general partners to limited partners
A general partner owes a fiduciary duty to the other general partners and to the limited partners. The existence of this duty is extremely important to the limited partners because of their limited role in the control and management of the business enterprise. The RULPA does not distinguish between the duty of care owed by a general partner to a general partnership and that owed by a general partner to a limited partnership.
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One common complaint of advertising is that it causes people to buy more than they can afford
Indicate whether the statement is true or false
Which of the following is an example of a proactive change?
A. Ciara's staff is unhappy about the long hours they have been working and several of them quit before she knows there is a problem. B. Ciara cannot get permission to hire another person until her group misses several deadlines. C. Ciara's group sent a product that was nearing its launch date back to the drawing board based on a competitor's superior new offering. D. Ciara explores improvements in bonus structures with her staff and begins to implement them despite the fact that her employees are generally content. E. Ciara is constantly "putting out fires," responding to daily crises in her group.
The ending inventory balance represents
a. The cost of goods sold during the current period and is reported on the balance sheet as an asset. b. Unexpired costs and is reported on the balance sheet as an asset. c. Expired costs and is reported on the income statement as an expense d. Expired costs and is reported on the balance sheet as an asset.
A bill of activities will complicate the estimation of profits of a company
Indicate whether the statement is true or false