The U.S. government often uses Dutch auctions to procure supplies
Indicate whether the statement is true or false
FALSE
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Temporary accounts are also known as___________accounts
Fill in the blank(s) with correct word
Average number of defects per unit would be considered what type of performance measure?
a. Supply chain b. Financial c. Customer service d. Quality
In the context of making ethical decisions, moral ________ is the strength and persistence to act in accordance with one's ethics despite the challenges.
A. judgment B. character C. awareness D. certainty E. actionability
Sally and Tom decide to go into business, selling discounted merchandise through their Web site "e-Buy." They sign a partnership agreement that requires Sally to contribute $12,000 and Tom to contribute $8,000 in capital to start the firm. The agreement also states that only Sally will have the authority to bind the partnership in deals with third parties, but the agreement says nothing about the management of the firm or a division of profits. Without Sally's knowledge, Tom tells United Computer Products, Inc., that he represents the firm and signs a contract with United to buy hard drives for resale on e-Buy. In the first year, e-Buy makes a profit of $50,000. What are the partners' rights with respect to the management of the firm? Is the partnership bound to the contract with United?
Do the partners split the first year's profits? If so, how much is each entitled to? What will be an ideal response?