Reference no: EM132182840
1. D, Y and H operate a flower business as flowery partners. Which of the following events will not cause the partnership to dissolve?
A. Illegality that makes it impossible for the partnership to carry on.
B. An arbitrary decision of any partner to dissolve the partnership.
C. The personal bankruptcy of H.
D. The death of D if Y and H continue the business.
2. Which of the following will cause the dissolution of a limited partnership?
A. The discovery of a limited partnership's capital contribution to a competing limited partnership.
B. None of the answer choices is correct.
C. The death of a limited partner whose estate is insolvent.
D. The withdrawal of the lone general partner.
3. In an attorney-client relationship, the lawyer is the principal and the client is the agent.
True
False
4. According to the product life cycle graph presented in the lecture materials, a new product closer to the end of the Growth stage (category):
a. loses money.
b. becomes profitable.
c. loses revenue and increases cost.
d. all of the above may be true.
e. Answers "a" and "b".
5. A concurrent engineering team that designs new boats for Regal Marine consists of:
a. design engineers only.
b. marketing employees only.
c. operations employees only.
d. sales employees only.
e. cross-functional employees.
6. Under Subchapter S of the Internal Revenue Code, shareholders of an S Corporation can be any of the following except:
A. None of the answer choices is correct. B. Trusts. C. Estates. D. non-resident aliens.