Michael owns 100 shares of stock in the Samson Electricals ...

[crobinson2013]

Michael owns 100 shares of stock in the Samson Electricals Corporation, but as a stockholder he does not have the right to vote in stockholders' meetings. In this scenario, Michael owns common stock.
 
 Indicate whether the statement is true or false

Question 2

How do management tasks differ for a general partner and a limited partner?

[bd5255]

Answer to Question 1

False

Answer to Question 2

In a general partnership, all partners assume shared responsibility for operating the business. A general partner assumes an important share of the management tasks of the business and must make decisions in consultation with the other general partners. A limited partner, on the other hand, invests money in a business but has no management responsibility or liability for losses beyond his or her investment in the partnership.

[crobinson2013]

Correct answers!

[bd5255]

Great! Please up vote