Luke and Maya form Northeast Air Express, a general partnership. The essential elements of this partnership do not include?
A) a sharing of profits and losses

B) a joint ownership of the business.
C) an equal right to management in the business.
D) goodwill.


D

Business

You might also like to view...

Psychometrics refers to the psychological profiles of individuals and to psychologically-based measures of lifestyle, such as brand loyalty and risk taking

Indicate whether the statement is true or false

Business

A major drawback of Porter's five forces model is that it ignores the rivalry among firms in the industry.

Answer the following statement true (T) or false (F)

Business

The cornerstone of a successful job search is a thorough list of assets and accomplishments because they point to useful skills and abilities

Indicate whether the statement is true or false.

Business

The extent to which decision-making power is held by a small number of people at the top of the organization is known as _____.

A. the span of control B. power distance C. monopoly D. the degree of centralization

Business