The duty of partners to a partnership is:
a. to elect one partner as managing partner b. to place the assets in a blind trust
c. based on extraordinary trust and loyalty to the partnership
d. to elect one partner as managing partner and is based on extraordinary trust and loyalty to the partnership
e. to elect one partner as managing partner and to place the assets in a blind trust and is based on extraordinary trust and loyalty to the partnership
c
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Erica Jenson has a limited budget to conduct market research. Which of the following research approaches would provide Erica with the most cost-effective way to reach a large number of respondents in a short period?
A) telephone surveys B) personal interviews C) Internet-based surveys D) mail surveys E) focus group interviews
Hilda wishes to deposit an amount into her savings account that will enable her to withdraw $1,600 per year for the next four years. She should deposit an amount equal to $1,600 multiplied by the
A) present value of a single sum factor. B) present value of an ordinary annuity factor. C) future value of a single sum factor. D) future value of an ordinary annuity factor.
Which of the following is an accurate statement regarding Alternative Dispute Resolution (ADR)?
a. It is a much slower process than litigation. b. It keeps the parties involved talking rather than fighting. c. It tends to be more expensive than litigation. d. It only takes place in federal courts.
The asset turnover ratio measures ________
A) how efficiently a business uses its sales to finance the assets B) how efficiently a business uses its average total assets to generate sales C) how efficiently a business uses its net profit to finance the assets D) how the ending inventory helps increase the value of assets