30. In Limited Partnership (LP), partners share capital and profits but they do not share

a. liability

b. operation

c. liability and operation

d. none of the above

31. In classifying business partners, an actual owner who is neither active nor known to the public is called

a. dormant partner

b. silent partner

c. shadow partner

d. nominal partner

32. Net profit margin is net profit divided by:

a. taxes and interest

b. gross profit

c. revenue

33. Total asset turnover is sales revenue divided by:

a. net profit

b. #days in a year

c. total assets

34. The break-even point can be measured by:

a. # of products sold

b. amount of dollars of sales

c. days, weeks, months of production

d. All of the above