A limited partner risks losing his liability protection if he:
A) assists in the management of the partnership business

B) is employed by the partnership as an employee or contractor.
C) consults with or advises the general partners.
D) acts as a surety or guarantor for the limited partnership.

A

Business

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Examples of variable expenses in a restaurant are:

A. food and wages B. general overhead C. rent

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Which of the following is a disadvantage of surveys (Table 4.3 in the text)?

A) interviewer errors; respondent errors B) data is lacking in terms of content, quantity, and quality C) data may not be representative; quality of data limited D) coverage may be incomplete; matching of data on the competitive activity may be difficult

Business