When Entering into a Partnership with a Business Associate, It

question 142

Multiple Choice

When entering into a partnership with a business associate, it is strongly recommended that

• A) a partnership agreement be drafted outlining roles, responsibilities, and profit sharing.
• B) both partners contribute an equal amount of money.
• C) both partners contribute an equal amount of money and labor.
• D) both partners contribute an equal amount of labor.

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Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, designed to help the country recover from the Great Depression.

Marian Anderson

A celebrated American contralto, renowned for her extraordinary vocal range and versatility, as well as her groundbreaking role as an African American artist in the mid-20th century.

Mary McLeod Bethune

An African American educator and civil rights leader who founded the National Council of Negro Women and played a significant role in the New Deal government.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to counteract the effects of the Great Depression.