Fact Pattern 37-1 Ann Starts Up Bowls Bistro to Serve and Sell Soups

question 28

Multiple Choice

Fact Pattern 37-1
Ann starts up Bowls Bistro to serve and sell soups and salads. Ann leases space in an office building owned by Carly. The lease requires a base rent of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years. Ann hires Demi to take and fill customers' orders at an hourly wage of $15.00, plus tips.
-Refer to Fact Pattern 37-1. Ann and Demi are

• A) ​not partners, because Demi does not have an ownership interest or management rights in Bowls Bistro.
• B) ​not partners, because the pay includes an hourly wage.
• C) ​not partners, because the pay includes only 10 percent of the profits.
• D) ​partners in a partnership.

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Definitions:

Introverts

Individuals who tend to be more inward turning, focusing on internal thoughts, feelings, and moods rather than seeking out external stimulation.

Organizational Citizenship Behaviours

Voluntary actions of employees that contribute to the organization but are not part of their formal job requirements.

Big Five

Refers to the five broad personality traits used in psychology to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.