P, Q and R Agree to Share Profits in the Ratio

question 35

Multiple Choice

P, Q and R agree to share profits in the ratio 5: 4: 2. This means:

• A) P is entitled to 5/6 of the profits.
• B) Q is entitled to 4/11 of the profits.
• C) R is entitled to 1/2 of the profits.
• D) P is entitled to 1/3 of the profits.

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Definitions:

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles, considering the impact of decisions on stakeholders.

Firm's Purpose

The fundamental reason for a company's existence beyond just making profits, often reflecting its values, mission, and the positive impact it aims to create for stakeholders.

Personal Values

Fundamental beliefs and principles that an individual considers important and guides their behavior and decision-making.