If a general partnership fails, who is responsible for the debts? (1 point)

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Answer 1

In a general partnership, all partners are personally liable for the partnership's debts and obligations.

This means that if the partnership fails and incurs debts, each partner is jointly and severally responsible for repaying those debts. Creditors can pursue any or all partners for the full amount owed, regardless of each partner's individual share of the liability.

This personal liability extends to the partners' personal assets, not just the assets of the partnership. Consequently, the failure of a general partnership can result in significant financial consequences for all partners involved.


Related Questions

If inflation in the u.s. is higher than inflation in other​ countries, what will be the effect on net exports for the​ u.s.?

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If inflation in the U.S. is higher than inflation in other countries, the effect on U.S. net exports is likely to be negative, meaning that net exports will decrease.

When inflation in the U.S. is higher than in other countries, U.S. goods and services become relatively more expensive compared to those produced abroad. As a result:

Exports decrease: Foreign buyers may reduce their purchases of U.S. goods and services due to the higher prices, opting instead for cheaper alternatives from other countries. Imports increase: U.S. consumers and businesses may find it cheaper to buy goods and services from abroad, leading to an increase in imports.

The combined effect of lower exports and higher imports would reduce U.S. net exports, potentially leading to a trade deficit.

At 47 units of labor, a firm finds that average product of labor equals 39.6 and marginal product of labor equals 32.9. we can conclude that the average product curve at 47 units of labor is:

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Im not sure, sorry, I wish I could help

A business decision maker’s decision is more likely to raise ethical concerns in a society where

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the answer is the news media and the Internet have significant influence
Where news media and internet exist, all the unethical actions made by the company will be easier to exposed compard to the region that don't.
This situation make companies more likely to raise the concern because they want to maintain positive display of public perception

You would check ________ for images that are not copyrighted.

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You would check the Avanced Search filter called usage rights

Typical, day-to-day decision making in a manager-managed llc is performed by

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LLC stands for limited liability company.LLC is private limited company in which the ist members cannot be held personally liable for the company's debts or liabilities
Typical, day-to-day decision making in a manager-managed LLC is performed by the managing members. 

Presweetened breakfast cereals would most likely be in the __________ stage of the product life cycle.

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A pre-sweetened breakfast cereal would most likely be in the DECLINE stage of the product life cycle.
At the decline stage of a product like cycle, the number of product sold usually drop significantly, because of this, manufacturers usually look for a mean of modifying their product so that the consumers will continue buying it. For instance, a cereal manufacturer may decide to add sugar to his product so that it will continue to be bought by the consumers.

Answer;

- Maturity

Explanation;

-Presweetened breakfast cereals would most likely be in the maturity stage of the product life cycle.

-The maturity stage of the product life cycle shows that sales will eventually peak and then slow down.

-At the maturity stage, the growth of sales has started to slow down, and the product has already reached widespread acceptance in the market, in relative terms.

Claudia has bought a recipe book that gives her step-by-step procedures to prepare italian cuisines. this scenario illustrates the use of:

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The scenario illustrates the use of algorithms. Using an algorithm is a way of having to do a procedure that features a step by step function in means of having to get the result of the data and to know how the results will be processed.

According to the table above, if the government sets an effective price floor of $100,
a. the market will be in equilibrium.
b. the supply will increase to create equilibrium.
c. the demand will increase to create equilibrium.
d. the quantity demanded will increase to create equilibrium.
e. the quantity supplied will be 750.

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Actually from the given table, we can see that at a floor price of $100, the corresponding quantity demanded is 250 while the quantity supplied is 750. So we can say that there is actually no equilibrium since quantity demanded =/= quantity supplied.

 

Therefore the only correct answer is:

e. the quantity supplied will be 750.

What are RFID tags used for? A. Shipping products B. Creating an expense journal C. Tracking inventory D. Protecting trademarks

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the answer is C : tracking inventory 

the answer is C. A RFID is a radio frequency identification device used for tracking purposes.

___________ refers to educating technical and operational employees in how to better do their current job.

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Training refers to educating technical and operational employees in how to better do their current job. Training allows for mental stimulation and creative thinking. It also allows for reinforcement of the rules and guidelines and why they are important integral parts of performing the job. Training also allows for travel in some cases and meeting new people. Relationships are formed, ideas are generated, and sometimes a process can be bettered because of it.

You deposited $500 each month into your new ira account at the beginning of each month. there was no previous balance. you were fortunate to have earned 5.2% (apr) the entire time, and your account balance grew to $247,014! for how many years did you make the payments?

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Let n =  the number of years that payments were made.

Assume that the compounding interval is 12 (monthly).
The 1st payment acquires the value
[tex]500(1+ \frac{0.052}{12} )^{12n} = 500(1.00433)^{12n}[/tex]
The 2nd payment acquires the value
[tex]500(1.00433)^{12n-1}[/tex]
and so on.

The value of the payments forms a geometric series
[tex]500(1.00433),\, 500(1.00433)^{2},\, 500(1.00433)^{3} , \, ... \, 500(1.00433)^{12n}[/tex]

The sum of the geometric series is 247014, therefore
[tex] \frac{500*1.00433(1 - 1.00433^{12n})}{1-1.00433}=247014 \\\\ 1-1.00433^{12n} = -2.1316 \\\\ 1.00433^{12n} = 3.1316 \\\\ 12n = \frac{ln(3.1316)}{ln(1.00433)} =264 \\\\ n = 22[/tex]

Answer: 22 years

This question would be solved using a BA II plus calculator as no educational institution would require a manual evaluation, keystrokes on calculator are as follows: [2ND] PMT [2ND] ENTER ***These 4 keystrokes set the device to beginning of period compounding instead of end of period. We do this because the question states that the $500 deposits are made at the beginning of the month and therefore are entitled to the entire months worth of interest compounding. If done correctly, you will see the letters BGN across the top right of the display. Keystrokes continue as follows: PV 0 PMT 500 FV -247014 VERY IMPORTANT TO ENTER FV AS NEGATIVE NUMBER I/Y 5.2 / 12 Because its a monthly payment, the annual apr given is divided by 12 CPT N DISPLAY WILL READ 264. This means 264 monthly payments were made. To express this in years we simply divide this number by 12 to get: 264/12 = 22. We report that we made payments for 22 years.

What was an important influence of railroads on modern business practices ? a- strict government regulations for railroads brought strict regulation to oil and steel b- railroads formed corporations that raised money through issuing stocks and bonds c- the use of nonstandard materials set an example for other businesses d- railroads made it possible for other businesses to locate resources?

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B is the correct answer. Railroads and the people who built them were able to form corporations that raised vast sums of money by giving stocks and bonds to their investors in exchange for those funds, which in turn, made them able to further expand the reaches of their companies.

B is the answer to the question

An account has $300 on the debit side and $900 on the credit side. how much is the account balance?

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$900-$ 300 = a credit of $600

The united states' biggest trading partner (in terms of the value of goods and services traded bilaterally) is

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I think that the united states biggest trading partner( in terms of goods and services traded bilaterally) is China.
People's Republic of China was The United States' biggest trading partner

The largest amount of money that the federal government lays out is for the transfer program, _____. and its largest expenditure is for _____.

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The transfer program is Pensions, and this include both social security and pensions for government and federal employees. On this the government will spend over $1.5 trillion in the 2017 fiscal year. The largest expenditure is healthcare. On this the government spends about $1.6 trillion and this includes partial expenditure on both Medicare and Medicaid

Apple's selling iphones to customers in africa, asia, and europe is an example of the globalization of ________.

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The answer is market globalization. It is a term uniting the advertising and selling of services and goods with a progressively codependent and united global economy. It is marketing on a universal scale integrating or taking commercial advantage of global operative differences, resemblances and chances in order to meet global aims.

Why is andrew carnegie famous?
a. he was a ruthless steel tycoon who donated millions to charitable organizations.
b. he was accused of creating a monopoly in the oil industry.
c. he was a founding member of the new york stock exchange.
d. he was a financier who owned large banks in several major american cities?

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B) He was a ruthless steel tycoon who donated millions to charitable organizations
I'm almost 100% sure

_____ is the process of planning and executing the conception pricing promotion and distribution of ideas goods and services to create exchanges that satisfy individual and organizational objectives

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The answer is Marketing

Answer: marketing  

Explanation:

just verifying the answer incase you feel doubted up top

Buildtron inc., a construction firm, is in need of a construction superintendent, whose primary responsibilities involve organizing, supervising, and inspecting the work of several subcontractors. buildtron administers a construction-error recognition test, where an applicant has to enter a shed that has 25 construction errors and has to record as many of these errors as can be detected. what type of validity is being established in this case?

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The appropriate response is Content Validity. It is a critical research approach term that alludes to how well a test measures the conduct for which it is expected. For instance, suppose your instructor gives you a brain research test on the mental standards of rest.

The major consideration when considering lettering on a presentation aid should be how fancy and expensive it looks.

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This depends on the audience as well as the presenter and if it is a formal or informal presentation. The age of the audience would play a role in the visual art of the presentation. There are many stipulations that would play a role in this.

Justine is the ceo of best flavor ice cream. she believes that alternative plans are almost as important as the primary operational plans because the market is so competitive and unpredictable. therefore justine endorses using:

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She endorses contingency planning. In short, she wants to have a backup plan in case something goes wrong. Doing so will always ensure that she has a "Plan B" for any decision that would need to be made in unforeseen circumstances.

David taylor purchased a teapot for $23.95, a coffee maker for $33.95, and a deluxe microwave for $196.75 for his mother's birthday. the state tax is 6.5% and the city tax is 1.5%. what is the total purchase price? $275.02 $345.98 $245.89 $254.65 save and exit

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The answer is $275.02

Finding ordered pairs that satisfy all of the inequalities in the system is called

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Finding ordered pairs that satisfy all of the inequalities in a system is called SOLUTIONS OF A SET OF LINEAR INEQUALITIES.
A system of linear equations is a set of two or more linear equations which contain two or more variables. Solution to a linear inequalities refers to any ordered pair that make the inequality true. 

A company wishes to reach a large number of geographically dispersed buyers at a low cost per exposure. which element of the promotional mix should the company​ use?

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the element of promotional mix that they should use is advertising
Advertising refers to any form of effot that is used to expose our product to the mass.
Through advertising, we could design our promotion to target specific buyers based on their age, culture,  occupations, geographical location, life style or gender.

John is an alcoholic. he recently signed a contract to buy a very expensive home. prior to signing the contract, he had six or eight cocktails. what is likely to happen with the contract?

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The most likely outcome is that the court will rule the contract voidable, making possible for John to avoid the contract.

Contracts require some conditions to be created according to the law of contracts. One of the conditions is that both parties must agree to the terms of the contract, usually referred as meeting of the minds. Since John was impaired (drunk) during the meeting of the minds, he was incapable to understand the terms he was agreeing  to.

As ted does more even work in excel, he has begun to develop a collection of publishers whom he trusts to deliver macros that are problem-free. what should his option be in the trust center?

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The option is to disable all macros apart for m those which are digitally signed.

A macro is a computerized input succession that emulates keystrokes or mouse activities. A macro is ordinarily used to supplant a repetitive arrangement of keyboard and mouse activities and are regular in spreadsheet and word processing applications like MS Excel and MS Word.
Final answer:

Ted can add his trusted publishers in the Excel Trust Center under the Trusted Publishers tab. This allows Excel to automatically enable macros from these publishers, maintaining both efficiency and security.

Explanation:

For Ted to safely use macros from his trusted publishers, he should configure his settings in the Excel Trust Center. The Trust Center is a component of Microsoft Office programs where you can set up security and privacy options for the program.

To add a trusted publisher, he would go to File -> Options -> Trust Center -> Trust Center Settings -> Trusted Publishers. Here, he can view, add, or remove trusted publishers. He can add his trusted publishers to the list, and this would allow Excel to automatically enable macros from these publishers without warning him. It's an effective way to streamline his workflow without sacrificing security.

Learn more about Trust Center here:

https://brainly.com/question/29760026

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Jordan ordered encyclopedias and the contract specified that delivery was to be made to jordan's home. instead, the encyclopedias were delivered to her post office box and she never received them. she refuses to pay for them and the encyclopedia company sues her. how would a court likely rule?

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Jordan and the encyclopedia company agreed to a contract, which is likely legally binding. The delivery was to be made to Jordan's home, and was not. Therefore it is unlikely that a court would rule in the encyclopedia company's favor. As so, Jordan will likely be the winner of the suit as he did not receive what he was going to pay for.

The first costs assigned to ending inventory are the costs of the beginning inventory under the

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The answer is LIFO method or last in first out method. This is a practice that is rarely used in business as it could cause the inventory to become very old and unusable. For example milk on a shelf in the grocery store, if you keep putting fresh milk out front the back milk would expire before being used.

The manner in which individual consumers and families (households) live and spend time and money is

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The manner in which individual consumers and families (households) live and spend time and money is lifestyle. The term lifestyle describes the way of living of an individual , group (family for example). The way of living includes spending the free time, spending the time and their priorities. 
Lifestyles - The manner in which individual consumers and families (households) live and spend time and money is referred to as Lifestyles.

Scorpion gulch & western railway is preparing to build a new line through rolling mountains. they have hired you to do some calculations for tunnels and bridges needed on the line. you set up a cartesian coordinate system with

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Final answer:

The question is about mathematical calculations needed for engineering tasks such as designing tunnels and bridges for a new railway line through mountainous terrain, which involves geometry and calculus.

Explanation:

The subject of the question is Mathematics, specifically real-world applications of geometry and calculus related to construction and engineering. Although the question is presented in a narrative form, the reference to 'calculations for tunnels and bridges' along a new railway line suggests problems that would likely involve geometric measurements and possibly optimization calculations using calculus for determining the most efficient construction methods. The student is likely to deal with tasks like measuring distances, calculating gradients, volumes, areas of cross-sections of tunnels, and optimizing material use for bridges within a mountainous terrain.

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