________ involves the ability to respond with little penalty in time, cost, or customer value
Fill in the blanks with correct word
Flexibility
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Once a firm chooses a business model, it must stick with it for the life of the firm.
Answer the following statement true (T) or false (F)
Fact Pattern 37-1ADesi starts up eSites, an Internet service, and leases office space in a building owned by Fred. The lease requires Desi to pay Fred a base rental of $1,250, plus 10 percent of eSites' profits, each month. The term is two years. Desi hires Gwen to work at eSites' tech support desk at an hourly wage of $12.50, plus a commission of 10 percent of the profits. The term is also two years.Refer to Fact Pattern 37-1A. Desi and Fred are
A. not partners, because Fred does not have an ownership interest or management rights in eSites. B. not partners, because the lease includes a "base rental." C. not partners, because the rent includes only 10 percent of the profits. D. partners in a partnership for two years.
Research on best practices in coaching and mentoring shows all EXCEPT that
A. some behaviors cannot be changed. B. age and success are inversely related. C. practice is critical for success. D. the person being coached or mentored must want to improve. E. accountability for effort must be maintained.
The total bases of all distributed property in the partner's hands following a nonliquidating distribution is limited to
A. the partner's predistribution basis in his partnership interest. B. the partnership's bases in the distributed property. C. the predistribution FMV of the partner's partnership interest. D. the FMV of the property distributed.