In Which One of the Following Situations Has the Duty

question 150

Multiple Choice

In which one of the following situations has the duty between partners not been breached?

• A) X, Y, and Z have a partnership in a restaurant business in Winnipeg. Unknown to his partners, Z opens a shoe store in Regina as well.
• B) X, Y, and Z have a partnership in a restaurant business in Winnipeg. Unknown to his partners, Z opens up a restaurant in the same city as a sole proprietorship.
• C) X, Y, and Z have a partnership in a restaurant business in Winnipeg. Unknown to his partners, Z is the major shareholder in a corporation that sets up a restaurant in the same city.
• D) X, Y, and Z have a partnership in a restaurant business in Winnipeg. Unknown to his partners, Z owns 50% of the shares in the company that supplies the restaurant with its food supplies.
• E) X, Y, and Z have a partnership in a restaurant business in Winnipeg. Unknown to his partners, Z runs a catering business during the evening using the restaurant's facilities.

Calculate and interpret the sales mix and its effect on business profitability.

Understand and calculate the margin of safety ratio and its significance for business stability.

Understand the concept of operating leverage and its impact on business profits in response to sales changes.

Perform a detailed financial analysis to determine sales levels needed for desired profit outcomes.

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Definitions:

Stakeholder Engagement

Stakeholder Engagement is the process by which an organization seeks to understand and involve its stakeholders, by communicating and collaborating with them in decision-making and activities.

Strategic Relationships

Collaborations formed between organizations with the aim to reach mutual goals and leverage each other's strengths.

Community Relations

The practice of managing and improving the relationship and interaction between an organization and the communities within which it operates.

Genuine Voice

Authentic and honest expression or communication style that reflects true intentions and personality, often emphasized in branding and public relations.