Jim and Kyle are partners in J&K Sales, which exports technical equipment under a three-year partnership agreement. One year into the term, Congress declares that the equipment can no longer be exported. J&K?
A) can continue its business until the end of the three-year term
B) can continue its business indefinitely.
C) dissolves immediately unless the partners change its business.
D) is immediately subject to criminal prosecution and penalties.
C
You might also like to view...
A salesperson who is contacting possible buyers by mail or phone to assess their level of interest and financial capacity is in the ________ step of the selling process
A) preapproach B) prospecting and qualifying C) presentation and demonstration D) following up E) overcoming objections
The nonbinding, informal process in which a third party is selected by the disputing parties to attempt to help them reach a mutually acceptable agreement is known as:
a. conciliation. b. discovery. c. consensual arbitration. d. compulsory arbitration.
How can managers increase the likelihood of making change happen successfully?
A. They should realize that they are just change agents not change leaders. B. They should discourage entrepreneurial mindsets. C. They should give individual employees a role in the change process. D. They should adapt the changes made by their competitors.
People with an internal locus of control
A. tend to be more anxious. B. earn lower salaries. C. derive less job satisfaction from performance. D. have stronger expectations that effort leads to performance. E. have lower work motivation.