The certificate of limited partnership filed in the public records must contain
A. The name of the partnership and the names of the general partners.
B. The general character of the business.
C. The contribution of each partner (general and limited).
D. The amount of each limited partner's liability.
Answer: A. The name of the partnership and the names of the general partners.
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Which of the following is true?
A) Water transport requires low rates of energy per ton mile moved. B) Because of high capital cost, rail must have a large volume of traffic to justify the expense. C) Operating costs per ton mile tend to be low for trucks. D) A and B above E) B and C above
Refer to Table 10-1. Glen Write owns an engineering firm. He asked his employees for
suggestions regarding equipment they thought the firm would need during the next year. They suggested the purchase of eight pieces of equipment. Glen calculated the net present value of each recommendation. Glen estimates that he will have no more than $150,000 to invest next year. Based on NPV, which of the following items should he purchase? A) 1, 2, & 8 B) 2, 3, & 7 C) 1, 2, 3, & 4 D) 7 & 8