The study of business ethics is concerned with the purposes of a business and how that business achieves those purposes
Indicate whether the statement is true or false
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Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary
allowances of $34,000 and $26,000, respectively; and the remainder to be divided equally. How much of the net income of $120,000 is allocated to Xavier? a. $59,000 b. $61,000 c. $49,000 d. $44,000
Which of the following is a disadvantage of using direct mail as an advertising medium?
A) low audience selectivity B) lack of flexibility C) high competition within same medium D) relatively high cost E) lack of personalization of advertising message
A sole proprietor is legally responsible for the business's contracts
Indicate whether the statement is true or false
Members of member-managed LLCs and manager-managed LLCs are the same in which of the following aspects?
a. Control. b. Fiduciary duty. c. Liability. d. Whether the member is an agent of the LLC.