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DIA [1.3K]
3 years ago
14

Limited liability is a major advantage of a partnership as compared to a corporation. True or False

Business
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Answer:

False

Explanation:

Limited liability is a feature mostly enjoyed by shareholders of a corporation. Limited liability protects the personal properties of shareholders from interference should the corporation fail to meet its obligations.

Partners in a partnership do not enjoy limited liability.  It means that if the business is unable to meet its obligation, its partners' properties can be used to sold to settle the debts.  A partnership business and its owner are treated as one entity. The assets and liabilities of the business are not distinct from the owners.  

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Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that
kirill115 [55]

Answer: Department store

Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.

6 0
3 years ago
Consider the CAPM. The risk-free rate is 7%, and the expected return on the market is 13%. What is the expected return on a stoc
Ber [7]

Answer:

r = 0.16 or 16%

Explanation:

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM  - rRF)

Where,

rRF is the risk free rate

rM is the return on market

r = 0.07 + 1.5 * (0.13 - 0.07)

r = 0.16 or 16%

5 0
3 years ago
Why planning is considered as a road<br> map towards the destination?
IRINA_888 [86]

Answer: Because planning allows you to draw a guide on how to do things.

Explanation: The planning is order and when there is order there will always be better results. If a person has a goal and it is planned, it is more likely that she will get what she wants since she has traced a path, she has created a way of how to do it.

Planning helps you know what to take into account and what not. It allows you to focus on the important details and put aside things that can only serve as a distraction.

3 0
3 years ago
The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning i
Fiesta28 [93]

Answer: so much stuff its b

Explanation:

6 0
3 years ago
How should a destroyed check by recorded in a check register?
Jet001 [13]
Destroyed checks should be recorded in the checkbook register as "void."

Hope that helps :)
7 0
4 years ago
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