A limited partner assisting the general partner to solicit new investors.

A) is permitted if stated in the partnership agreement.
B) is permitted if no compensation is paid.
C) is permitted if done within 90 days of his acceptance as limited partner.
D) could jeopardize his limited partner status.

Answer: D) could jeopardize his limited partner status.

Business

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An advantage of the corporate form of business is the limited liability of stockholders.

a. true b. false

Business

A market research study is being conducted to determine if a product modification will be well received by the public. A total of 1,000 consumers are questioned regarding this product

The table below provides information regarding this sample. Positive Reaction Neutral Reaction Negative Reaction Male 240 60 100 Female 260 220 120 (a) What is the probability that a randomly selected male would find this change unfavorable (negative)? (b) What is the probability that a randomly selected person would be a female who had a positive reaction? (c) If it is known that a person had a negative reaction to the study, what is the probability that the person is male?

Business