With respect to combined business skills and knowledge, which of the following partnerships is best?
A. Mary, Janet, and Liz own a bakery. They are able bakers by trade. Each wants to spend all of his time baking items.
B. Leslie, Andrea, and Jamie own a boutique. Leslie has marketing expertise. Andrea has ten years' experience operating a successful small store, including hiring employees, handling inventory control, buying, and managing credit. Jamie is a CPA. Each has agreed to use his or her experience and expertise for the success of the business.
C. Courtney and Bob, both young pharmacists, own a pharmacy. Neither has taken a business course, but they are willing to learn.
D. Jack and Reena own a video store. Reena is most experienced as a homemaker and mother. Jack has worked as an auto mechanic for ten years.
E. Cory and Dany own a vacuum cleaner store. Cory knows everything possible about store operations. Dany is wealthy and can provide investment capital.
Answer: B
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Which of these always cause a decrease in owner's equity?
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All questions on a questionnaire should contribute to the information needed or serve some specific purpose
Indicate whether the statement is true or false
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a. human b. financial c. physical d. informational