Answer:
c. Is personally liable for partnership debts.
Explanation:
This is the statement that best describes a general partnership. A general partnership is a financial arrangement in which two or more individuals agree to share assets, profits and liabilities. Therefore, a general partner would be liable for partnership debts. Moreover, these liabilities are unlimited (not capped) and can be paid through the seizure of the partner's assets.
One parent picks up the child from daycare while the other parent goes to the grocery store and begins to make dinner. This is an example of which principle is at work?
The correct answer is There are gains from trade.
<h3>Why are there gains from trade?</h3>
The price of one commodity relative to the other commodity that the two countries agree to trade. Good trade conditions allow a country to import goods at a lower opportunity cost than the cost of producing goods domestically, thus benefiting the country from trade.
Trade is central to ending world poverty. Countries that are open to international trade tend to grow faster, innovate, be more productive, and provide people with higher incomes and more opportunities. Open trade also benefits low-income households by providing consumers with more affordable goods and services.
Learn more about principles at work here
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Answer:
Socratic Method
Explanation:
According to my research on different methods of critical thinking, I can say that based on the information provided within the question the professor is using the Socratic Method. This method focuses itself on a form of cooperative argument between two individuals, in which one asks and the other answers, and vice versa.
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