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Managers Sometimes Decide to Do Something Because It Feels Right

question 68

Multiple Choice

Managers sometimes decide to do something because it feels right or they have a hunch. This is an example of using _____ in decision making.


Definitions:

Partnership Net Income

The total profits earned by a partnership that are to be divided among partners in agreed-upon proportions.

Equity

The amount of funds contributed by owners (shareholders) plus the retained earnings (or losses), representing ownership interest in a firm.

Capital Balances

The amount of money that the partners or owners of a business have contributed or acquired through retained earnings.

Partnership Liabilities

The debts and obligations for which a partnership is legally responsible, typically shared among the partners according to their agreement.

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