Case 17.1 ​

question 58

Multiple Choice

Case 17.1
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William is a 38-year-old computer systems executive.He has come to a point in his life where he is reassessing his ambitions and personal life.He attends professional development conferences regularly and is working on an MBA.Although he eats a low-fat diet and exercises regularly,he works 70-80 hours a week,seldom sees his children except after they are in bed,does not visit his place of worship except on religious holidays,and feels as though his wife is a stranger.William believes that if he can earn just 20 percent more,he can relax because his family will be financially secure.
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-Refer to Case 17.1.Should William begin earning 20 percent more,what is he likely to discover?

• A) ​Money does not create or sustain happiness.
• B) Money is ultimately the most effective way to developing security in life.​
• C) He needs more money beyond the 20 percent salary increase.​
• D) Money is more important than physical fitness.​

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Definitions:

Partnership Debts

Financial obligations for which all partners in a business partnership are jointly responsible.

Assignment Of Interest

The transfer of rights, title, and interest from one party to another, often pertaining to an asset or contractual agreement.

Wrongful Dissociation

In a partnership or company context, the improper withdrawal or separation of a partner or member contrary to the terms of the agreement.

Legal Existence

The state of being recognized as a juridical entity under the law, capable of rights and obligations.