Which One of the Following Situations Will Result in the Existence

question 186

Multiple Choice

Which one of the following situations will result in the existence of a partnership? Assume no corporation has been created.

• A) Joe and Mary own a house together and share the income from it.
• B) Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
• C) Joe and Mary own a shoe store business together and share the profits.
• D) Employees are given bonuses because of increased profits.
• E) A lawyer and a real estate agent split the commission.

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Definitions:

Height

A measurement of an individual’s stature from the bottom of the feet to the top of the head when standing upright.

Weight

A measure of the heaviness of an object, often correlated with mass and influenced by the force of gravity.

Standard Deviation

A measure of the dispersion or variability in a set of data; indicates how much individual data points deviate from the mean.

Punting Distances

The measurement of how far a punt travels in sports, particularly in American football or rugby.