Which of the following items is included in the partnership agreement?
A) age of each partner
B) duties of each partner
C) citizenship of each partner
D) net worth of each partner
B
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Inherent risk for prepaid expenses would generally be assessed as low because these accounts do not usually include complex transactions.
Answer the following statement true (T) or false (F)
In the standard cost formula Y = a + bX, what does the "Y" represent?
A. total variable cost B. variable cost per unit C. total fixed cost D. total cost
Which of the following must exist before a shareholder can bring a derivative action?
A. The shareholder should not be an employee of the firm. B. The shareholder must have owned shares at the time of the wrong against the corporation. C. The shareholder must also be an officer or director. D. A majority of the common shareholders must support the action.
In terms of union organization and management, the experience of Cezar Chavez is most representative of which of the following qualities?
a. self-sacrifice for the plight of the laborer b. self-enrichment through corrupt dealings c. achievement of political power through violent union action d. championing a lost cause