Fred and Carole Were Trying to Create a List of the Pros

question 162

Multiple Choice

Fred and Carole were trying to create a list of the pros and cons of sole proprietorship, partnership, and corporation to determine the best structure for carrying on business. Which of the following is true regard to being a general partner?

• A) Every general partner faces limited liability for the debts of the partnership.
• B) Each partner is an agent for every other partner and of the firm itself, so a partner may be liable for the contracts made by an incompetent partner.
• C) A partner is liable to pay from his personal assets only when the a partner has committed a criminal act.
• D) A partner is liable for only the amount than he or she invested in the partnership firm.
• E) Retiring from a partnership by giving notice to his partners frees a partner from liabilities he faced while being a partner of the firm.

Describe the use of p-value in testing hypotheses and making decisions.

Construct and interpret confidence intervals for population proportions.

Differentiate between one-tail and two-tail tests and their implications on p-values and error types.

Formulate null and alternative hypotheses for various testing scenarios.

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Definitions:

Mass Movements

The large-scale motions within the colon or large intestine involved in the transport of fecal material towards the rectum.

Polysaccharides

Large, complex carbohydrates composed of long chains of monosaccharide units, serving roles in energy storage and structural support.

Disaccharides

Carbohydrates composed of two monosaccharides bonded together, examples include sucrose and lactose.

Digestion

The biological process by which the body breaks down food into smaller components that can be absorbed into the bloodstream for use by the body.