The Owner and a Partner in a Small Business Share

question 631

Multiple Choice

The owner and a partner in a small business share profits in the ratio 2:1. For a month in which the business realizes a profit of $15,600. what is the owner's share of the profit?

• A) $5,200
• B) $7,800
• C) $10,400
• D) None of These

---

Definitions:

Skills Model

A framework defining the capabilities and competencies necessary for effective performance in a particular role or task.

Katz's Three Skill Model

A framework proposed by Robert Katz identifying three fundamental skills for effective leadership: technical, human, and conceptual.

Human Skills

Abilities that enable an individual to work well with others, often emphasizing communication, empathy, and emotional intelligence.

Management Levels

The different layers of authority within an organization, usually ranging from lower-level managers to middle managers, and up to top-level executives.