What Is One Characteristic of Good Business Writing

question 102

Multiple Choice

What is one characteristic of good business writing?

• A)It never ends a sentence with a preposition.
• B)It avoids contractions whenever possible.
• C)It uses the active voice.
• D)It never uses personal pronouns.

Comprehend the legal frameworks governing partnerships including the Uniform Partnership Act (UPA) and the Revised Uniform Partnership Act (RUPA).

Recognize the implications of unlimited liability in business ownerships such as sole proprietorships and general partnerships.

Distinguish between general and limited partners, particularly in terms of liability and involvement in management.

Understand the significance and risks of partnership property and how it impacts both the partnership and individual partners.

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Definitions:

Economic Profit

The surplus remaining after total costs are subtracted from total revenue, considering both explicit and implicit costs.

Marginal Revenue

The additional income earned by a firm from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a good or service, often used in decision-making to determine the optimal level of production.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.