Key success factors and core competencies are synonyms
Indicate whether the statement is true or false
FALSE
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J. O'Keefe and J. Kisha combined for a 50/50 partnership in 1980 and continued to do business successfully for many years. In January 2011, J. Kimley offered to contribute a sizable amount of working capital and was accepted as a partner in the business. J. O'Keefe and J. Kisha each own 40% of the business and J. Kimley 20% of the business partnership. Profits and losses are to be shared
according to these percentages. Due to the lagging economy and a sudden loss of profits, all three agree to liquidate the business and enjoy a gain on the sale of their major asset, which was purchased in 1981 . This should be distributed a. 50% to J. O'Keefe; 50% to J. Kisha. b. 40% to J. O'Keefe; 40% to J. Kisha; 20% to J. Kimley. c. equally among the three partners at the time of the sale. d. 100% into the partnership dissolution revenue account.
While chains comprise about 30 percent of all retail institutions, they account for about 75 percent of retail sales
Indicate whether the statement is true or false
Which of the following is NOT a duty imposed by the law on an agent:
A) Duty to act within the scope of authority B) Duty to act with reasonable care and skill C) Fiduciary duty D) Duty to negotiate contracts with third parties in good faith. E) All of the above are duties imposed on an agent
Which of the following statements is (are) true with respect to an equity-indexed annuity?
I. The maximum percentage gain is usually capped. II. There is no downside protection against loss of principal if the annuity is held to term. A) I only B) II only C) both I and II D) neither I nor II