_____ Approach Describes How Managers Actually Make Decisions, Where as _____

question 160

Multiple Choice

_____ approach describes how managers actually make decisions, where as _____ approach defines how a decision-maker should make decisions.

• A) Normative; descriptive
• B) Normative; classical
• C) Descriptive; normative
• D) Descriptive; administrative
• E) Normative; administrative

Recognize the global application and variations of partnership laws.

Comprehend the relationship between fiduciary duties and partnership management.

Understand fundamental principles regarding partnership formation, including the necessity and significance of a written agreement among partners.

Recognize the rights and obligations of partners towards the partnership and each other in management, profit sharing, and loss absorption.

---

Definitions:

Fair Housing Act

A U.S. federal law established in 1968 to prohibit discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, or sex.

Hispanics

Term used to describe people with cultural ties to Spain or Spanish-speaking countries, especially those in Latin America.

Native Americans

The indigenous peoples of the United States, including both the mainland and the Native Alaskan communities.

Hyperghetto

A term used to describe extremely impoverished and segregated urban areas characterized by high levels of social isolation and economic deprivation.