Unanimous consent of the partners is required for:
A) confession of a judgment
B) borrowing money in a trading partnership.
C) signing checks.
D) None of the above
A
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The World Trade Organization, which came into existence on January 1, 1995, is the successor of another organization with the abbreviation:
A) DSB. B) GATT. C) FTAA. D) NAFTA. E) ASEAN.
An alternative under consideration involves incurring $50 in costs to generate $60 in revenue. The differential revenue for this alternative is $10.
Answer the following statement true (T) or false (F)
Which of the following is FALSE regarding the development of group norms?
a. They develop unconsciously and gradually over time. b. They are developed only when there are external pressures. c. They are created by mutual influence and develop through interactions of group members. d. They are strongly influenced by events early in the group’s existence.
The following information is for a product manufactured and sold by Drake Company:Sales price per unit: $100Variable cost per unit: $30Total annual fixed costs: $350,000Required:1) Calculate the contribution margin per unit.2) How many units must Drake sell to break-even?3) How many units must Drake sell to achieve a profit of $35,000?
What will be an ideal response?