Sharing of Gross Returns,as Compared to the Sharing of Profits,is

question 33

True/False

Sharing of gross returns,as compared to the sharing of profits,is strong evidence of a partnership.

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Definitions:

Collective Bargaining Agreement

A contract negotiated by an employer and a labor union that covers all issues related to employment.

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions.

Department of Labor

A US government department responsible for occupational safety, wage and hour standards, unemployment insurance benefits, reemployment services, and some economic statistics.

Disclaimer

In employment law, a statement that regardless of provisions or policies in an employment handbook and regardless of oral promises to the contrary, an employment-at-will situation still exists between an employer and its employees. In the accounting profession, a statement declaring that an auditor has decided not to give any opinion on a firm’s financial records.