Amber Owns and Operates Bistro Café in Space Leased in a Building

question 26

Multiple Choice

Amber owns and operates Bistro Café in space leased in a building owned by Cindy. The lease requires a base rent of $1,500, plus 10 percent of Bistro's profits, each month. The term is two years. Amber and Cindy are

• A) not partners, because Cindy does not have an ownership interest or management rights in Bistro.
• B) not partners, because the lease includes "base rent."
• C) not partners, because the rent includes only 10 percent of the profits.
• D) partners in a partnership for two years.

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Definitions:

Audience Receptiveness

The degree to which an audience is open, willing, or able to accept or consider messages.

Unsolicited Proposals

Proposals submitted to an organization without a formal request, typically to offer solutions or services the proposer believes the recipient may need.

Solicited Proposals

Proposals that are requested by an organization or individual, often through a formal process.

Internal Proposal

A document or presentation aimed at persuading internal stakeholders or management to approve a project, budget, or initiative.