In a partnership each partner can be held responsible
Answer: for the total debts
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Business Management
- A main advantage of product diversification is
- Most partnership divisions and terminations are caused by
- The most common legal structure of a farm business is the.
- Which type life insurance gives maximum protection at the least cost?
- The price of soybeans on the futures market could not fall from $6.00 to $1.00 during a single trading session because of the .
- I sold my old worn out tractor I had used for twenty years for $300.00. This is the .
- From which of the following can you make the best determination as to the financial status of a person?
- If the price and consumption of beef goes up then the demand for beef must be .
- The financial returns after all costs have been paid is called .
- The processes and services involved in moving a commodity from the producer to the ultimate consumer is called
- If demand rises and supply remains constant, price should?
- A person goes to the bank to secure a loan to finance a greenhouse operation. He say's "I don't have the money to start this by myself, I need more ."
- An estimate of costs and returns associated with a particular enterprise is a/an
- The bank officer will appraise my farm. This means he/she will:
- Thomas is a poultry producer for Gold Kist. I can purchase all the dressed chickens (originally from Thomas's farm) my family needs at the supermarket cheaper than I can raise and dress them myself. This can be explained by the theory
- Who is at the greatest risk?
- Which is considered a fixed asset?
- Joe's total cost for his strawberry operation this year was $800.00. If his gross receipts totaled $2,400.00, what was his percent return to investment?
- A friend borrows $2,000 and agrees to repay you at the end of three months. The interest is to be calculated at 12% per year compounded monthly. What is the total amount he/she will owe at repayment time?
- At what age will term life insurance cost a person the most?
- The people below have their current ratio of assets to liabilities listed beside their name. Based solely on this ratio which would you most likely lend money to?
- A good reason for keeping good records is
- Johnny was listing his assets for a bank loan. Which item below should be listed with his assets?
- Which is not a likely source of funds for short term (less than three years) loans?
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.