Lambda assumes that the variables are measured on an ordinal scale

Indicate whether the statement is true or false


Answer: False.

Business

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David, Chris and John formed a partnership on July 31, 2019. They decided to share profits equally, but inserted a clause in the partnership agreement where any losses would be allocated in the ratio of 5:2:3, respectively. For the year ended December 31, 2019, the firm earned a net income of $50,000. However, for the year ended December 31, 2020, the firm incurred a loss of $60,000. Assuming that John had an initial capital contribution of $43,000 and made no withdrawals, what is the balance of John's Capital account as of December 31, 2020? (Assume that none of the partners made any further contributions to their capital accounts. Do not round any percentage calculations. Round all monetary calculations to the nearest dollar.)

A) $41,667 B) $43,000 C) $59,667 D) $44,333

Business

While applying for a job, you have conducted research and analysis of yourself, career, and job, and you have also identified a job listing using traditional and electronic sources. Which of the following should you do next??

A) ?Prepare a targeted résumé and an application message. B) ?Supplement your résumé with a portfolio. C) ?Interview with companies. D) ?Post a video recording on YouTube.

Business

In a CIF contract, marine insurance is purchased by:

a. the buyer. b. the seller. c. the carrier. d. None of the above

Business

Which of the following terms is synonymous with social lending?

a. accounts receivable lending b. peer-to-peer (P2P) lending c. tax lending d. government-backed lending

Business