Limited partners are personally liable for the debts and obligations of the limited liability partnerships (LLP)

Indicate whether the statement is true or false

FALSE

Business

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Which of the following is the reason for the U.S. Congress placing control of all types of environmental problems under one agency?

A) The Congress wanted the largest environmental agency to have complete control. B) The Congress wanted the attack on pollution to be integrated. C) The Congress wanted to achieve economies of scale. D) The Congress wanted to increase the flow of scientific knowledge between the environmental agency and other agencies.

Business

That taxpayers were poorly served by thrift regulators in the 1980s is now quite clear. This poor performance cannot be explained by

A) regulators' desire to escape blame for poor performance, leading to a perverse strategy of "regulatory gambling." B) regulators' incentives to accede to pressures imposed by politicians, who sought to keep regulators from imposing tough regulations on institutions that were major campaign contributors. C) Congress's dogged determination to protect taxpayers from the unsound banking practices of managers at many of the nation's savings and loans. D) any of the above.

Business