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matrenka [14]
3 years ago
5

Unlike a general partnership, in a limited partnership

Business
1 answer:
Trava [24]3 years ago
7 0

In a limited partnership:

The inactive partner has limited liability for the business's debts

Explanation:

In a general partnership all partners share equal financial responsibility for the firm's decisions.

This means that all partners are supposed to have equal liabilities but hat is not the case for limited ones.

In limited partnerships there is a general partner who owns most of the business and has most of the availability and the limited partner has pooled resources for the business but has very little personal responsibility to it.

This model is usually there when the firm needs some investors and the person running business is usually the owner only.

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Answer:

True

Explanation:

The incremental budget technique is an important management accounting technique, which is prepared by making minimal changes in the previous budget. The budget is designed by allocating funds by using the preceding budget as a reference point. Incremental budget encourages spending up to the budget. It also helps to make sure that a reasonable budget is allocated for the next period.

6 0
3 years ago
.1.3. Briefly explain the Economic term land​
igomit [66]

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In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

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3 years ago
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Which of the following statements is correct in connection with the investigation of a business? a.Regardless of whether the tax
jekas [21]

Answer:

c. That business must be related to the taxpayer's present business for any expense ever to be deductible.

Explanation:

If the business is acquired, the expenses may be deducted immediately by a taxpayer engaged in a similar trade or business. The expenses may be deducted regardless of whether the business being investigated is acquired.

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3 years ago
Which of the following is the best example of direct-response print advertising?
lubasha [3.4K]

Answer:

Option D                                    

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Mateo’s instructor tells him that before he goes further in his job search, he needs to engage in some introspection. How would
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He is journaling about his strengths and weaknesses is Mateo’s actions BEST demonstrate introspection. Because then only he can understand the potential of himself for doing anything.

<h3>What is the strength and weakness?</h3>

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For more details about strength and weakness, click here:

brainly.com/question/1287006

#SPJ1

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1 year ago
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