Jutta and Carl Have a Small Medical Practice That Operates

question 29

Multiple Choice

Jutta and Carl have a small medical practice that operates as a partnership. Jutta does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive?

• A) Jutta will receive $70,000; Carl will receive $30,000
• B) Jutta will receive $40,000; Carl will receive $60,000
• C) Jutta will receive $60,000; Carl will receive $40,000
• D) Profits will be shared in the proportion specified in the partnership agreement.

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Definitions:

Transformational Leaders

Leaders who inspire followers to exceed their own interests for the greater good, by providing vision, encouragement, and intellectual stimulation.

Inspirational Leadership Theories

Theories that focus on how leaders inspire and motivate their followers to achieve higher levels of performance and personal development.

Personal Attributes

Innate or acquired traits that define an individual's character and can influence their behavior and performance.

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their expectations and facilitate change.