Despite the high cost, most small companies have their financial statements audited by a CPA firm, so they can obtain a loan.

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


False

Business

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Identify the correct statement about a limited liability partnership (LLP).

A. The controller of a limited liability partnership is responsible for the negligence and irresponsibility of the general partners. B. A limited partner of a limited liability partnership is responsible for the general management of the partnership business. C. A limited partner of a limited liability partnership is liable to pay tax on all the partnership income. D. A general partner of a limited liability partnership is personally liable for all business debts. E. A limited partner of a limited liability partnership is responsible for the negligence and irresponsibility of all general partners.

Business

________ is the philosophy that waste can be eliminated by cutting unnecessary inventory and removing non-value-adding activities in operations

Fill in the blanks with correct word

Business

Which of the these sales and operations planning levers is associated with interviews, training, and severance pay?

A) backorders and stockouts B) hiring and layoffs C) use of overtime D) holding inventory

Business

A risk for a small firm creating a strategic alliance with a larger company is:

A. not being able to keep up with the fast speed of a large company. B. not having enough creative talent to join forces effectively. C. being squeezed financially. D. being too rigid for a large company's standards.

Business