Answer:
General; limited; limited.
Explanation:
Limited partnerships have two classes of partners. These two (2) classes are;
1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.
2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.
Hence, the general partner actually runs the business and faces unlimited liability for the firm's debt, while the limited partner is only liable up to the amount the limited partner invested.
The answer is lending your bestfriend 25 dollars to buy a guitar.
Unit of costs is the amount incurred by a particular company to be able to produce, store and sell the number of the same products. In the given example. 25 dollars is the cost of the guitar or the unit of costs.
Answer:A and C
Explanation:
Interest is compounded in savings accounts and me to reduce the amount that I must deposit today and still have my desired $1 million on the day I retire then I should either, invest in a different account paying a higher rate of interest meaning the invested amount will be compounded at a higher rate thus my initial investment amount requirement reduced. Or, since compounded interest is a function of time, if I retire later, that would mean a longer time for my initial investment to compound to $1 million, thus reducing my initial investment amount requirement.
Answer: June's leadership style could best be categorized as <u>authentic</u>
Explanation:
The authentic leadership is an approach of leadership that focus on the construction of leader legitimity through honest relationships with followers.
Answer:
Money available for loans is $18,750
Explanation:
The formula for calculating the total amount of money a bank can loan is:
money available for loans = (1 - required reserve ratio) x total deposits
money available for loans = (1 - 25%) x $25,000 = 75% x $25,000 = $18,750
