A carefully written partnership agreement can maximize the advantages of the partnership structure and minimize the potential disadvantages. Which of the following points will help in writing an effective partnership? agreement?
A. A partnership agreement should strictly follow only the state? laws, as they will drive the business.
B. Incorporate a broad and general understanding of what the business association will be to allow for flexibility.
C. A great personal partnership cannot get in the way of a successful business partnership.
D. Address the hopes of each? owner, decision-making? strategies, and succession and exit strategies.
E. ?Dispute-resolution procedures should be? avoided, as they apply to corporations.
D. Address the hopes of each? owner, decision-making? strategies, and succession and exit strategies.
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If the reserve requirement is currently 20%, what is the maximum amount of money that could be generated from a $2,000 bank deposit?
a) $1,600 b) $2,000 c) $4,000 d) $10,000
Can economic competition be viewed as a positive force for growth and progress?
A. Yes, because economic competition of any type always leads to growth and progress. B. No, because economic competition historically had neither a positive nor a negative effect. C. Yes, as long as it is conducted within a fair set of rules. D. No, because there is more poverty today than in the past.
If the Japanese government enters the foreign exchange market and purchases yen to attain a specific exchange rate with the dollar, the dollar will ________ and the yen will ________.
A. depreciate; depreciate B. depreciate; appreciate C. appreciate; depreciate D. appreciate; appreciate
Residential structures and inventories are examples of tangible capital.
Answer the following statement true (T) or false (F)