Which of the following is true regarding the liability of the partners in a limited partnership?
A) Both the limited and general partners have unlimited liability for the partnership debts.
B) If a corporation is a partner, its shareholders have unlimited liability for the partnership
debts.
C) The limited partners have limited liability and the general partners have unlimited
liability for the partnership debts.
D) The limited partners have unlimited liability and the general partners have limited
liability for the partnership debts.
E) Neither the limited nor the general partners have unlimited liability for the partnership
debts.
C
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Debit refers to the right side of the T-account, and credit refers to the left side
Indicate whether the statement is true or false
According to the Wall Street Journal, St. Louis residents were upset when Belgian brewer InBev acquired brewer Anheuser-Busch, which was based in St. Louis. On July 17, 2011, Businessweek reported that InBev slashed $2 billion in costs from the company's budget, laying off over 1,000 people. Before the acquisition, Anheuser-Busch treated the community and employees like a kind-hearted, protective father toward employees. With InBev in charge, the company was hard-driving. In fact, employees joined the company knowing InBev had "created scores of millionaires because of its stock." In taking control of Anheuser-Busch, InBev officials:
a. Abandoned an approach to doing business rooted in Objectivism and adopted an approach rooted in the Ethic of Care. b. Abandoned an approach to doing business focused exclusively on primary stakeholders and adopted one that takes into account the interests of secondary stakeholders as well. c. Abandoned a culture focused on sustainability in favor of an expansive view of corporate social responsibility. d. Abandoned the company's stakeholder orientation to doing business in favor of a shareholder orientation. e. Abandoned an approach to doing business focused exclusively on the interests of the company's home country in favor of an approach focused on the interests of the broader global community.