Which of the following statements regarding limited partnership is TRUE?
A) There is no limit on a limited partner's liability.
B) A limited partner is not liable until all the assets of the general partners have been exhausted.
C) A general partner's liability is limited by the amount of their investment.
D) A limited partner's liability is limited by the amount of their investment.
D
You might also like to view...
The three major cost of manufacturing a product are:
A. Direct materials, direct labor, and factory overhead. B. Indirect labor, indirect materials, and fixed expenses. C. Product costs, period costs, and variable costs. D. General, selling, and administrative costs. E. Marketing, selling, and administrative costs.
Line employees need the knowledge of TQM tools
Indicate whether the statement is true or false
"Danny, in our budget for next year, I want to include two new CNC machining stations. Technology is passing us by, and we need to catch up," said Peter Morgan, plant manager, to his production supervisor. "I want you to start studying what is available for us to purchase. Go to a tradeshow if possible. Read some technical journals. Visit some suppliers. I'll need some descriptive and budgetary information from you in two months." Danny will be engaging in
A. gap analysis. B. reverse engineering. C. environmental scanning. D. a technology audit. E. a SWOT analysis.
Obie operates Pizza Place. Obie hires Qua to take and fill customers’ orders at an hourly wage of $15.00, plus tips. Obie and Qua are
A. not partners, because Qua does not have an ownership interest or management rights in Pizza Place. B. not partners, because the pay includes an hourly wage. C. not partners, because the pay includes tips. D. partners in a partnership.