Nakumatt, is a supermarket chain in Kenya, where people go to show that they are educated and prosperous and cognizant of larger affairs
Indicate whether the statement is true or false
TRUE
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An intentional understatement of expected revenues or overstatement of expected expenses by managers in order to have a favorable performance evaluation is known as ________.
A) benchmarking B) appropriation C) budgetary slack D) variance analysis
Due to the Privileges and Immunities Clause, a citizen of one state has the right to travel ________.
A. free of charge to any other state B. freely to any other state C. freely to any other nation D. freely to any state contiguous with the citizen's home state
Workers compensation originated under the Master/Servant Doctrine
Indicate whether the statement is true or false
Alf and Liz set up a partnership to manufacture plastic containers for washing golf balls. They needed $30,000 capital to purchase the machinery
On December 27, Jeff put $30,000 into the partnership for purchasing the machinery on the understanding that he would be a limited partner. Liz was to register the limited partnership but with the New Year and a week's holiday she didn't have an opportunity to do the actual registration until January 15. On January 6, Alf purchased the machinery but decided on an upgraded machine at $50,000. In February, when payments on the machine stopped, the vendor sued Jeff for $25,000, being the balance owing on the purchase contract. In this situation, Jeff would be responsible for which of the following amounts? A) $25,000 B) $5,000 C) Noting D) $30,000 E) $12,500