You are a pricing manager at argyle inc. – a medium-sized firm that recently introduced a new product into the market. argyle's only competitor is baker company, which is significantly smaller than argyle. the management of argyle has decided to pursue a short-term strategy of maximizing this quarter's revenues, and you are in charge of formulating a strategy that will permit the firm to do so. after talking with an employee who was

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.