Usually the Sharing of Profits Is an Indication of a Partnership

question 28

Multiple Choice

Usually the sharing of profits is an indication of a partnership. In which of the following situations will this be TRUE?

• A) to pay the seller of a business an amount for goodwill varying with the profits
• B) to pay an employee as part of his remuneration
• C) to pay the spouse of a deceased partner an annuity
• D) to repay a debt owed
• E) none of the above

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Definitions:

Unconscious Mind

A part of the mind that operates beyond conscious awareness, influencing thoughts, feelings, and actions without our direct knowledge.

Childhood Experiences

Events or interactions that occur during the early years of life, significantly impacting an individual's development and personality.

Psychoanalytic Psychology

A branch of psychology that explores the role of unconscious motives and conflicts in determining human behavior, originated by Sigmund Freud.

Cognitive Psychology

A branch of psychology focused on the study of mental processes, including perception, memory, thought, and problem-solving.