Which of the Following Is True of the Distribution of Profits

question 93

Multiple Choice

Which of the following is true of the distribution of profits earned by a partnership?

• A)They are distributed equally irrespective of the capital provided by each partner.
• B)They are distributed based on the work each partner puts into the business.
• C)They are distributed based on the credit rating of each partner.
• D)They are distributed in the proportions specified in the articles of partnership.
• E)They are distributed as per the guidelines in articles of incorporation.

Describe network externalities and their impact on market outcomes.

Interpret graphical representations of marginal private and social benefits and costs.

Understand the concepts of private and external benefits in the context of public goods and common resources.

Analyze the economic implications of policies designed to correct for positive externalities.

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Definitions:

Risks

The potential for losing something of value or the possibility of an undesirable outcome.

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action.

Health Services

Organized provisions by public or private entities to maintain, improve, or manage the health and wellbeing of individuals or communities.

ADHD

Attention-Deficit/Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are disruptive and inappropriate for the individual's developmental level.