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If your ship is out in the middle of the North Pacific Ocean on the edge of the abyssal plain south of the Aleutian trench, how deep is the seabed if it took 6 seconds to get a bottom return from your 3500 kilohertz echo sounder? Use the equation: depth (m) = 0.5 * (1500 m/s * total 2- way travel time in sec)
Partnership
A business arrangement where two or more individuals share ownership, profits, and liabilities of a venture.
Control of Business
The authority to direct the significant policies and decisions of a company or entity, often through ownership of a majority of voting shares.
Profits Equally
A principle where all parties involved in a business venture or agreement share the generated profits equally.
Joint Ventures
A business arrangement between two or more parties who agree to combine resources for the purpose of accomplishing a specific task or project.
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