Abby Starts Up Bowls Bistro to Serve and Sell Soups

question 34

Multiple Choice

Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen. The lease requires Abby to pay Carmen a base rental of $1,250,plus 10 percent of Bowls Bistro's profits,each month. The term is two years. Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00,plus tips.
-Abby and Devin are

• A)not partners,because Devin does not have an ownership interest or management rights in Bowls Bistro.
• B)not partners,because the pay includes an hourly wage.
• C)not partners,because the pay includes only 10 percent of the profits.
• D)partners in a partnership.

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Definitions:

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