Which of the following is an example of a limited-service retailer?
A) Customers at TAB pick out the products they want and pay at the checkout counter.
B) Salespeople at Eli are always on hand to offer shoppers advice and assistance in choosing products.
C) Mina's allows customers to check out their own purchases in order to reduce the staff count.
D) CLO's offers a number of merchandise-return privileges, customers need information and assistance while shopping.
E) Alison's stocks a number of specialty products and the store's salespeople generally help shoppers with all their needs.
D
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Winding up involves all but which one of the following?
a. Selling assets for cash. b. Collecting debts owed to the partnership. c. Taking orders for business. d. Paying creditors.
Which of the following is true regarding the effect of the death of a partner on a general partnership?
a. Unless there is an agreement to the contrary, the partnership dissolves upon the death of a partner. b. Unless there is an agreement to the contrary, the partnership ceases to exist 10 days after the death of any partner. c. The remaining partners must by operation of law continue the partnership for at least one year. d. Within 90 days the remaining partners may elect to continue the partnership.