What are the main differences between a limited partnership and a limited liability corporation?
What will be an ideal response?
Answer: A limited partnership is required to have at least one general partner. A limited liability corporation is similar to a limited partnership but without the general partner.
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____________________ involves a desire to show others consideration and respect and to make them comfortable
Fill in the blank(s) with correct word
An increase in the Inventory account from $10,000 at the beginning of the year to $15,000 at the end of the year would be shown on the statement of cash flows prepared under the indirect method as:
A. an addition to net income of $15,000 in order to arrive at net cash provided by operating activities. B. an addition to net income of $5,000 in order to arrive at net cash provided by operating activities. C. a deduction from net income of $10,000 in order to arrive at net cash provided by operating activities. D. a deduction from net income of $5,000 in order to arrive at net cash provided by operating activities.
Which of the following is NOT often identified as a potential trigger of economic contraction?
A) rise in exports B) decline in consumer spending C) rise in taxes D) decrease in government spending E) decrease in investment
Which of the following is NOT part of an organization's informal communication network?
A) conversations at the water cooler B) email exchanges between employees C) rumors spreading through the grapevine. D) memos from the CEO sent to all employees.