Each partner is liable - Study guides, Class notes & Summaries

Which of the following descriptions MOST accurately portrays emergency medical services (EMS)? Select one: A. A team of health care professionals who are responsible for providing emergency care and transportation to the sick and injured B. A system composed exclusively of emergency medical responders (EMRs) and emergency medical technicians (EMTs) who are responsible for providing care to sick and injured patients C. A team of paramedics and emergency physicians who are responsible for prov...

American Heart Association protocols are based on __________. Select one: A. theories ready for field trial B. trends in the EMS community C. opinions from a core group of cardiologists D. evidence-based research - ANSWER D. evidence-based research As an EMT, you may be authorized to administer aspirin to a patient with chest pain based on: Select one: A. medical director approval. B. the patient's condition. C. an order from a paramedic. D. the transport time to the hospital. - AN...

AFAR PREWEEK EXAM QUESTIONS & ANSWERS 2024/25 Number 1 Which statement is not true about a partnership? A. Any natural person who possesses the right to enter into a contract can become a partner. B. All partners are co-owners of partnership property and co-owners of profits and losses of the partnership. C. A partnership may be formed to perform any legal business, trade or profession or other service. D. Nonprofit organizations may form a partnership. - ANSWERSAnswer: D NPO- improve w...

Dissociation Partnership correct answers (1) by notifying her partners that she wishes to withdraw, (2) due to an event specified in the partnership agreement, (3) by unanimous vote of the other partners under one or more of the circumstances set forth in UPA § 601, (4) by judicial (or arbitral) order, or (5) due to death, incapacity, bankruptcy, or assigning her partnership interest for the benefit of creditors. Wrongful Dissociation correct answers 1) the dissociation constitutes a bre...

3 types of business ownership - Answer-- sole propreitorship - partnership - corporation sole proprietorships - Answer-- businesses owned by one individual - the most common form of business organization in the United States - easiest and least expensive form of business to start - ex: tutoring/bookkeeping/landscaping etc... sole proprietorship advantages - Answer-- simplicity - single layer of taxation - taxed at individual rates - privacy - flexibility and control - personal satisfa...

mie 201 exam 2 questions and answers 100% pass Advantages of operating a Sole Proprietorship? - Correct Answer ️️ -simplicity (easy to establish and less paperwork-only requirement is business licenses and permit) single layer of taxation!!! privacy (not required to report anything to anyone) flexibility and control fewer limitations on personal income Personal satisfaction (take your own risks and enjoy the reward) Disadvantages of sole proprietorship - Correct Answer ️️ -financ...

Types of Business correct answers sole proprietorship General Partnership Limited Partnership Limited Liability Company Corporation Uniform Partnership Act correct answers governs partnership and partnership relations Sole Proprietorship correct answers you have all the gain and all the pain Easiest form of business to operate and open Owner is "personally" liable for all debts and damages of the business Respondeat Superior (RS) applies to every agent who acts for t...

License Fee correct answers -$88.00 to obtain a three year license Continuing Education correct answers -must complete no less than 18 hours of continuing education to renew for 3 yr cycle, with minimum requirement each year -no less than 2 hrs of legal updates each yeah and 18 hrs total over 3 year license Brokers License correct answers -required for purpose of entering into contract w/ consumers -can only be issues to one legal entity or one person at a time -must have no less than 3...

What are some of the advantages of a sole proprietor? correct answers Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? correct answers Less Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relationsh...

CLFP Credit Process and Financial Statement: Exam Questions with Answers Latest | Graded A+. What applicant attributes are you trying to learn about when underwriting a deal? correct answer1.) The desire to repay the debt 2.) the financial ability to make payments 3.) The reserves to withstand unexpected setbacks What are the four (4) C's of Credit? correct answer1.) Character: the desire to pay back debt 2.) Cash Flow: Ability to make payments 3.) Capital: Ability to withstand setbacks ...