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Author Question: Michael owns 100 shares of stock in the Samson Electricals Corporation, but as a stockholder he does ... (Read 143 times)

crobinson2013

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on: Jul 14, 2018
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?


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bd5255

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Reply #1 on: Jul 14, 2018
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

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Reply #2 on: Jul 14, 2018
Correct answers!


bd5255

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Reply #3 on: Jul 14, 2018
Great! Please up vote :D


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