The process that helps ensure a business message is both effective and efficient is known as which of the following?
A. Business writing
B. Four-step writing process
C. Discovery techniques
D. Journalistic approach
E. Three-step writing process
Answer: E. Three-step writing process
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Which type of strategy is best utilized for exiting a market by selling or closing down the business or eliminating the product?
A) a harvest strategy B) a monetize strategy C) a horizontal integration strategy D) a vertical integration strategy E) a divest strategy
The Calvin-Dogwood Partnership owns inventory that was purchased for $65,000, has a current replacement cost of $64,500, and is priced to sell for $95,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?
A) $97,000 B) $64,500 C) $65,000 D) $95,000
James's attempt to make a new contract is void because it lacks consideration under the ________ concept
A) illegal consideration B) gift promise C) past consideration D) preexisting duty
Partners in a limited partnership who invest capital and manage the business are called general partners
Indicate whether the statement is true or false