Torrie and Laura Form a Partnership in Which They Are

question 132

Essay

Torrie and Laura form a partnership in which they are equal partners.Torrie contributes $100,000 cash.Laura contributes $40,000 cash and a painting worth $60,000.Laura purchased the painting three years ago for $45,000.In two years the partnership sells the painting for $80,000.
a.What is the partnership's basis in the painting?
b.When the painting is sold,how much gain is allocated to each partner?

Understand the dynamics of resistance to change and the concept relating to the stages experienced by individuals.

Describe the characteristics of a centralized organizational structure.

Grasp the essence of Kotter's 8 Step Change Model, starting with the creation of a sense of urgency.

Define the organizational structure and its impact on employee relationships, responsibilities, and accountability.

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Definitions:

Punishing Stimulus

A stimulus that decreases the likelihood of a behavior recurring, often by inducing discomfort or an undesirable outcome following the behavior.

Consistency

The quality of being stable, reliable, and uniform over time in thoughts, behaviors, or performance.

Negative Punishment

A loss or unavailability of reinforcement because of inappropriate behavior.

Omission Training

A learning process in which the reinforcement is omitted or withdrawn when a certain behavior is performed, leading to a decrease in that behavior.