Harry has worked as a junior clerk for xyz company for three months, starting at $10 per hour. in the next five to seven years, if harry continues to perform well and is willing and able, he can more than likely expect a. a cost-of-living increase with no increase in seniority pay b. an increase in longevity and seniority pay simultaneously, but not a promotion c. an increase in longevity pay but not seniority pay d. an increase in seniority pay but not longevity pay e. an increase in seniority pay and a promotion

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.