Michael and Brian Each Invested $65 000 in a Partnership

question 7

Multiple Choice

Michael and Brian each invested $65 000 in a partnership where they agreed to share profits 40% Michael, 60% Brian. The partnership business was not successful and now has no assets. In addition they are being sued for $70 000 by a supplier for non- payment of invoices. What is the amount for which Michael could be held personally responsible if the lawsuit is successful? (Ignore any possible legal costs.)

• A) Zero
• B) $28 000
• C) $65 000
• D) $75 000

Understand how to use scatterplots to predict trends and behaviors in real-world scenarios.

Grasp the importance of correlation in quantifying the strength and direction of relationships between variables.

Recognize the limitations of correlations and the importance of considering linearity and quantitative variables.

Interpret correlations correctly, understanding that correlation values range between -1 and 1 and what these values signify.

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Definitions:

Worker Productivity

A measure of labor efficiency, indicating the output volume produced per unit of labor input.

Talented Employees

Workers who possess significant skill, creativity, or knowledge that substantially benefits their organization.

Employee Performance

Employee Performance is the assessment of the efficiency and effectiveness of a worker's job activities and outcomes.

Employee Motivation

The amount of enthusiasm, dedication, and innovation employees contribute to their roles within a company.