Which of the following people may not manage the operations of a firm in which they are part or full owners?

A) stockholders in S corporations
B) stockholders in C corporations
C) limited partners in a limited partnership
D) general partners in a limited partnership


Answer: C

Business

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A. Email B. Telephone C. Web access D. All of these

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Which of the following is not an investing activity?

A) Purchase of investments for cash B) Purchase of equipment for cash C) Sale of merchandise for cash D) Sale of land for cash

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Barry buys a car from a dealer, which is sold to him "as is" and "with all faults." The next day, the engine blows up. Barry can sue the dealer for breach of the implied warranty of fitness

a. True b. False Indicate whether the statement is true or false

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Social classes are referred to as open aggregates of individuals because people can move into and out of them.

Answer the following statement true (T) or false (F)

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