The major difference between a general and a limited partnership is that a limited partnership includes two classes of owners-general and limited partners

Indicate whether the statement is true or false

TRUE

Business

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________ strategy is a plan to use and combine an organization's functional core competences to position it so it has a competitive advantage in its domain or segment of its industry

A) Functional-level B) Corporate-level C) Business-level D) Environmental-level

Business

According to the textbook, two of the most important factors to consider regarding "management prowess" are ________

A) the passion the sole entrepreneur or the management team has for the business idea and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate B) whether the members of the management team have worked successfully together before and the passion the sole entrepreneur or the management team has for the business idea C) whether the members of the management team are good "networkers" and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate D) the educational and functional backgrounds of the management team or sole entrepreneur E) whether the members of the management team are good "networkers" and the passion the sole entrepreneur or the management team has for the business idea

Business