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:

Team Member Interaction

The communication and collaboration between members of a team.

Storming Stage

A phase in team development characterized by conflict and competition as team members work to establish norms and roles.

Problem Solving

The process of identifying challenges and finding creative solutions to overcome them.

Cross-Functional Teams

Groups composed of members from different departments or areas of expertise working together towards a common goal.