Oscar Patel and Jon O'Keefe Own and Operate a Janitorial

question 85

Multiple Choice

Oscar Patel and Jon O'Keefe own and operate a janitorial cleaning service.Patel bought a new computer,which he plans for the company to use to track its customers,its suppliers,and for making business forecasts.Patel plans on using an installment plan to pay for the computer.O'Keefe was not asked if he thought the company needed a computer and was unhappy when he learned that he and Patel are both liable for the payments for the computer.Patel and O'Keefe have which of the following type of business?

• A) a general partnership
• B) a private corporation
• C) a joint partnership
• D) a limited partnership

Realize the potential risks and outcomes of cannibalization within brand strategies.

Identify various quantitative and qualitative techniques used to measure and enhance brand strength.

Understand the legal framework and principles governing the assignment and delegation of contract rights and duties.

Recognize the conditions under which an assignment or delegation is valid and enforceable.

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Definitions:

Alkene

An unsaturated hydrocarbon containing at least one carbon-carbon double bond.

Carbon-Carbon Double Bond

A chemical bond between two carbon atoms involving four bonding electrons instead of the usual two, creating a region of high electron density.

Geometry

The branch of mathematics concerned with the properties, measurement, and relationships of points, lines, angles, surfaces, and solids.

Alkene

Hydrocarbons that are unsaturated and possess a minimum of one double bond between carbon atoms, identified by the formula CnH2n.