Payday loans are a low cost source of consumer credit
Indicate whether the statement is true or false.
FALSE
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J. O'Keefe and J. Kisha combined for a 50/50 partnership in 1980 and continued to do business successfully for many years. In January 2011, J. Kimley offered to contribute a sizable amount of working capital and was accepted as a partner in the business. J. O'Keefe and J. Kisha each own 40% of the business and J. Kimley 20% of the business partnership. Profits and losses are to be shared
according to these percentages. Due to the lagging economy and a sudden loss of profits, all three agree to liquidate the business and enjoy a gain on the sale of their major asset, which was purchased in 1981 . This should be distributed a. 50% to J. O'Keefe; 50% to J. Kisha. b. 40% to J. O'Keefe; 40% to J. Kisha; 20% to J. Kimley. c. equally among the three partners at the time of the sale. d. 100% into the partnership dissolution revenue account.
To develop lasting relationships with customers, marketing-oriented firms need to focus on customer satisfaction both before and after each sale.
Answer the following statement true (T) or false (F)
Work standards would NOT be helpful for management in which area?
A) developing costs for current and new products B) determining current and projected capacity requirements for a given demand C) comparing different routings for an item and evaluating new work methods and equipment D) forecasting demand for current products
An investor who wants to invest in a particular sector but does not have strong opinions about which stocks to purchase within that sector would be likely to choose a(n)
A) balanced growth and income fund. B) mid-cap fund. C) exchange-traded fund that represents that particular sector. D) growth fund.