Daniel is a general partner in a real estate investment firm. Hank and Barry are limited partners. Daniel, without the consent or ratification of Hank and Barry, can:

A) admit another limited partner.
B) act as an agent of the partnership.
C) rename the partnership using Hank's last name.
D) not have almost exclusive managerial control of the business.

Suppose that in Horsehead, Massachusetts, the cost of operating a lobster boat is $4,000 per month.Suppose that if x lobster boats operate in the bay, the total monthly revenue from lobster boats in the bay is $1,000(12x  x²) .If there are no restrictions on entry and new boats come into the bay until there is no profit to be made by a new entrant, then the number of boats who enter will be X₁.If the number of boats that operate in the bay is regulated to maximize total profits, the number of boats in the bay will be X₂.

A) X₁  8 and X₂  8.
B) X₁  4 and X₂  2.
C) X₁  8 and X₂  4.
D) X₁  12 and X₂  8.
E) None of the above.

A security interest in consumer goods is always automatically perfected upon attachment.

a. How do you distinguish between tangible and intangible property?
b. How do you distinguish between real and personal property?

Risk is defined as the uncertainty of a profit or a loss.

In the Job Characteristics Model, autonomy is the core job characteristic that leads to the critical psychological state known as "experienced responsibility for outcomes of work."