Which of the Following Will Establish the Existence of a Partnership

question 167

Multiple Choice

Which of the following will establish the existence of a partnership?

• A) A debt is repaid by the creditor taking a share of the profits.
• B) An employee receives a profit-sharing bonus.
• C) The good-will portion of the sale of a business is repaid by a share of the profits.
• D) The parties intend to share the expenses of the business.
• E) The beneficiary of a deceased partner takes that partner's share of the income from the partnership.

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Definitions:

Supplier Scoring

A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.

Procurement

The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Demand Uncertainty

This refers to the unpredictability of customer demand for products and services, affecting inventory, production, and distribution planning in supply chains.

Supplier's Demand

The quantity of materials or products required by a supplier from upstream suppliers to meet customer orders or production schedules.