Which One of the Following Situations Will Result in the Existence

question 186

Multiple Choice

Which one of the following situations will result in the existence of a partnership? Assume no corporation has been created.

• A) Joe and Mary own a house together and share the income from it.
• B) Joe pays back a debt to Harry by giving Harry a percentage of the profits from his business.
• C) Joe and Mary own a shoe store business together and share the profits.
• D) Employees are given bonuses because of increased profits.
• E) A lawyer and a real estate agent split the commission.

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Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Judging

Involves forming opinions or conclusions about people or situations, often without all the necessary information.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often useful but sometimes leading to inaccuracies or biases.

Availability Heuristic

A cognitive heuristic that depends on readily accessible examples in an individual’s mind when assessing a particular topic, idea, strategy, or choice.