Erin,Sarah,and Timmy Are Equal Partners in EST Partnership

question 25

Multiple Choice

Erin,Sarah,and Timmy are equal partners in EST Partnership.Sarah also owns 40% of Elton Corporation.The remaining shareholders of Elton Corporation are: Erin (24%) and Sarah's uncle (36%) .What percent ownership does Sarah directly or constructively own in Elton Corporation?

• A)40%
• B)64%
• C)76%
• D)100%

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Definitions:

Competitive Advantage

The unique attributes or capabilities that allow an organization to outperform its competitors.

Set Apart

means to distinguish oneself or something as different and superior in comparison to others.

Competition

The rivalry between businesses or individuals for market share, customers, or resources.

Competitive Advantage

refers to attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer service.