Which of the following is NOT a test courts use in determining whether action taken by an homeowners' association is valid?
A) The reasonableness test
B) The business judgment test
C) The contracts test
D) The timing test
D
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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 $27,000 and $18,000, respectively; and the remainder to be divided equally. How much of the net income of $81,000 is allocated to Xavier?
a. $37,000 b. $40,000 c. $42,000 d. $42,500
What is a partial dependency?
Answer the following statements true (T) or false (F)
1. Quick rework is a quality appraisal tool that managers and employees use. 2. Check sheets are difficult to design. 3. A flowchart helps the quality improvement team of a firm understand how a process currently works and identify quality-related issues and redundant steps. 4. Scrap and rework is one of the tools used to prevent defects.
Explain how the unit cost information is used by managers in the management process