Two people own a piece of land together and share profits associated with renting the property but have agreed that neither can sell the property without the consent of the other. What is the legal form of business arrangement that applies here?
A) a sole proprietorship
B) a partnership
C) a limited partnership
D) a corporation
E) a joint venture
E
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Jonas is working on his company's marketing plan for a new product line called Nature & Nurture
He is writing an overview that includes a brief description of the positioning for the new product line as well as a brief overview of the financial goals for the product and the strategy that will be used to achieve those goals. Jonas is working on the ________ section of the marketing plan. A) company description, purpose, and goals B) marketing situation C) executive summary D) measurement and controls E) forecasting
The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is:
A. Operating activities. B. Schedule of noncash investing or financing activity. C. Investing activities. D. This is not reported on the statement of cash flows. E. Financing activities.
Ari works between 40 and 50 hours every week. How many hours he works in a given week depends on how much work he has. He is paid every other Friday, and the amount of his check is always the same. Ari is an hourly employee.
Answer the following statement true (T) or false (F)
The remedy of reformation
a. applies only when money damages are inadequate. b. can be used to correct mistakes in the original contract. c. is available only if fraud is involved. d. is a commonly used remedy.