Jim Is One of Several General Partners Who Own Beef

question 48

Multiple Choice

Jim is one of several general partners who own Beef 'N Beer,a small chain of restaurants located in Missouri and Illinois.Jim is interested in converting the partnership into a master limited partnership.If he convinces other partners to go along with his idea,Beef 'N Beer will:

• A)Offer shares of ownership that are traded on a stock exchange much like a corporation.
• B)Pay its taxes like a corporation.
• C)Begin to operate much like a sole proprietorship.
• D)Have to change its name to include the term Ltd.in its title to indicate its owners have limited liability.

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Definitions:

Group Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, often as a means of fitting in or being accepted by the group.

Third-Person Effect

Most people think that they are less influenced than others by advertisements.

Advertisements

Messages designed to promote or sell a product, service, or idea to consumers through various media channels.

Source

The point of origin of a persuasive communication.