1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VLD [36.1K]
3 years ago
13

Which is one important difference between a general partnership and a limited partnership?

Business
2 answers:
spin [16.1K]3 years ago
8 0

Answer:

Every partner in a genral partnership is fully reposnabie for the busines 's debts.

Explanation:

Shtirlitz [24]3 years ago
7 0
<span>In a general partnership, all partners share joint and full responsibility for the financial dealings of the partnership, meaning that if the partnership is sued, the general partners are financially responsible. A limited partnership has both general partners and limited partners. The limited partners are insulated from a majority of financial responsibilities that fall on the general partner.</span>
You might be interested in
Which type of manager would most likely be responsible for researching customers’ purchasing habits?
Kay [80]
The answer is c because it’s financial manager
8 0
3 years ago
Read 2 more answers
Suppose your bank pays you 4 percent interest per year on your savings​ account, so that​ $1,000 grows to​ $1,040 over a oneminu
Fed [463]

Answer:

3 percent which is $30

Explanation:

The real value of money is measured against a basket of goods or services, or against a particular product or service.  The real value is adjusted for inflation. In other words, the real value of money is its nominal value adjusted for inflation.

If the bank pays an interest rate of 4  percent, which leads to an increase of savings from $1000 to  $1040, should prices increase by 1 percent, then the real value of money has increased by 3 percent. One percent increase in prices represents inflation.  Keeping $1000 in the bank will earn a 3 percent real value or $30.

8 0
3 years ago
Consider two economic regions, region A and region B. If region A has strict union protection laws present, while region B lacks
barxatty [35]

Answer:

higher unemployment rate

Explanation:

The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.

Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.

4 0
3 years ago
Read 2 more answers
According to theory, sales employees compensated based on commissions should be more motivated than if paid a straight hourly wa
andrezito [222]

Answer:

Expectancy Theory

Explanation:

The expectancy theory basically talks about how individuals will behave or react in a certain way because they are motivated and as a result choose to act in accordance or react to specific situations due to what they expect the results to be.

8 0
3 years ago
Read 2 more answers
What is dumping?
pychu [463]
Dumping is exporting goods at prices that are lower than their value.
4 0
3 years ago
Read 2 more answers
Other questions:
  • The following are Acme's production costs for the quarter ended September 30th: Direct materials $ 290,000 Direct labor $ 240,00
    10·1 answer
  • A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is n
    8·1 answer
  • O'Hara takes temporary family leave from her job at Property Management Company to care for a family member with a serious injur
    6·1 answer
  • A limited liability corporation's (LLC) equity is reported similar to that of a a.trust. b.regular corporation. c.partnership. d
    13·1 answer
  • Government agencies are which of the following?
    13·2 answers
  • Opportunity cost refers to _________.a. current economic conditions. b. your personal values.c. trade-offs when a decision is ma
    12·1 answer
  • The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
    8·1 answer
  • Would a firm with low degree of operating leverage need to sell more units of products to reach break-even point or less? Why?
    5·1 answer
  • How water utility company caters for their interests and what may happen if their expectations are not met.​
    8·1 answer
  • Assume that the fair values of the investee's net assets approximated the recorded book values of the investee's net assets, exc
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!