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stepladder [879]
3 years ago
8

In a limited partnership, the general partners should encourage the limited partners to take a more active role in the operation

s of the business. After all, the limited partner has comparable liability in the business, even though he/she may not be a partner for as long a period of time as the general partners.
True or False?
Business
1 answer:
Lemur [1.5K]3 years ago
7 0

Answer: False

Explanation:

A limited partnership is a form business partnership formed by at least one general partner and at least one limited partner(also known as the silent partner).

The general partner is responsible for the supervision of the daily operations in the business and also personally bears the liability of the business: while the limited partner only role in the business is to support the business with capital and shares in the business profit but doesn't personally carry the burden of the business liability.

You might be interested in
In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits ow
Zielflug [23.3K]

Answer:

M_1 = $3111

M_2 = $12409

Explanation:

    Given data:

Amount of currency held  =  $1347 billion

checkable deposit $1347 billion

saving deposit $8189 billion

small time deposit $400 billion

market fund $709 billion

Saving deposit in the form M2 and M1

M_1 =  currency held as individual and traveller check +  checkable deposit

       = $1347 + $1764

M_1 = $3111

M_2 = M_1 +  saving deposit _ time deposit + maket funds

       = $3111 + $8189 + $400 + $709

M_2 = $12409

3 0
3 years ago
Suppose you manage a convenience mart and are in charge of ordering products but do not set the price. The home office provides
lakkis [162]

Answer:

c) 10% more peanut butter on the shelves

Explanation:

Since peanut butter has a negative income elasticity of demand (-0.5) with a decrease in income, there should be an increase in the demand. This is usually true for cheaper goods or goods with low added value. The change in demand (D) is represented as follows:

D=20\% * 0 .5\\D=10\%

As a result, you should stock 10% more peanut butter on the shelves.

The answer is c).

5 0
3 years ago
All of the following describe a balance sheet except which one? A. The balance sheet reflects the results of multiple transactio
Bezzdna [24]
The choice that does not describe the balance sheet is D. The balance sheet contains only assets and liabilities sections.

Balance sheet is one of a company's financial statement. It is also known as the statement of financial position. It represents the the company's financial position at the end of a specified date.

The assets, liabilities, and owner's equity sections of the balance sheet reflects the results of multiple transactions creating an image of a business in financial terms.


6 0
3 years ago
Where to buy a legal operating system for computer
Crazy boy [7]
That depends on which operating system you're looking for, the purposes you need it for and where you live.

If we're assuming an average user with no special requirements for programming or other specialised tasks then I'd recommend Windows 10.

Windows 10 is the most popular OS (Operating System) and is widely supported by the community of you run into trouble.

You can find a liscenced copy from their website, which you may need to change to your locale and most computer shops will sell copies too, including online companies like Amazon, but if you're unsure then Microsoft is the best bet.
https://www.microsoft.com/en-gb/store/d/windows-10-home/d76qx4bznwk4/1NT3

I hope this helps.
7 0
3 years ago
James owns two houses. He rents one house to the Johnson family for $10,000 per year. He lives in the other house. If he were to
AVprozaik [17]

Answer:

$22,000

Explanation:

Given that

1st house rented = 10,000

2nd house estimated rent = 12,000

Therefore,

The two houses would contribute

= 10,000 + 12000

= $22,000

Note: Rent is considered as consumption and as a result, rent is added into the GDP. Also, in GDP estimation, imputed rent which is the amount a house owner is willing to rent a house away for if he decides to is calculated as part of the GDP.

3 0
3 years ago
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