The intent to associate is a key element of a partnership

Indicate whether the statement is true or false


T

Business

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For purposes of the unrelated business income tax (UBIT), a trade or business consists of any activity conducted for the production of income through the sale of merchandise, or from the performance of services for which profits have been earned during at least three of the five previous years.

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

Business

Solving nonlinear optimization problems using Lagrange multipliers requires:

A) calculus. B) algebra. C) computers. D) A and B E) A and C

Business

Most car dealers allow test-driving of the cars they sell to increase the _____ of their product.

A. relative advantage B. trialability C. compatibility D. observability

Business

Barbara and Johann are parties to a contract. They agree on a novation. The novation requires A) the existence of a previous, valid obligation

B) consideration greater than $5,000. C) performanceof the original contract by all of the parties. D) an accord and satisfaction.

Business