Fern and Gray Want to Form a Limited Partnership to Manage

question 60

Multiple Choice

Fern and Gray want to form a limited partnership to manage two restaurants: Café Latte and Deli Delite. In most states, a limited partnership will be created when

• A) a certificate of limited partnership is filed.
• B) a partnership agreement is executed.
• C) the business for which the firm is formed actually begins.
• D) the partners make their capital contributions.

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Definitions:

Straight Rebuy

A purchasing scenario in business-to-business transactions where an organization reorders a good or service without modification from the same supplier.

B2B Purchases

Transactions where one business buys goods or services from another business.

Straight Rebuy

A purchasing situation in which a business buyer reorders an existing product or service from the list of acceptable suppliers without modifications.

B2B Marketing

The practice of marketing products and services directly between businesses, as opposed to marketing to end consumers.