This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe what is meant by a general partnership and a limited partnership. Describe the major ... (Read 84 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jul 6, 2018
Describe what is meant by a general partnership and a limited partnership. Describe the major difference between the two.
 
  What will be an ideal response?

Question 2

Google and its AdWords program is an example of a ________ disruptive business model.
 
  A) low-end
  B) new-market
  C) high-quality
  D) low-price
  E) new-channel


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 6, 2018
Answer to Question 1

A general partnership is a form of business organization where two or more people pool their skills, abilities, and resources to run a business. A limited partnership is a modified form of a general partnership. The major difference between the two is that a limited partnership includes two classes of owners: general partners and limited partners. Similar to a general partnership, the general partners are liable for the debts and obligations of the partnership, but the limited partners are liable only up to the amount of their investment.

Answer to Question 2

B


Marty

  • Member
  • Posts: 553
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi A guinea pig being examined by a veterinary medical officer for general health and pulmonary conditi
Major Events in the History of Psychology Major Events in the History of Psychology
Major Events in the History of Psychology (2 of 6) Major Events in the History of Psychology (2 of 6)
(A) Major leukocytes. (B) Enhanced color photograph from a scanning electron microscope of a ... (A) Major leukocytes. (B) Enhanced color photograph from a scanning electron microscope of a ...
Major Surface-Ocean Currents Major Surface-Ocean Currents
Two major types of nerve circuits in the brain Two major types of nerve circuits in the brain
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library