Chuck, Howard, and Ben Decide to Go into a Business

question 107

Multiple Choice

Chuck, Howard, and Ben decide to go into a business venture, developing and distributing educational software. For tax reasons, they do not incorporate. Each contributes $10,000, and Howard also contributes a truck and his programming expertise. They agree that all three will be actively involved in the day-to-day management of the business. To determine their rights and obligations, they enter into a one-page agreement that provides only that each of Chuck, Howard, and Ben is to get 33-1/3% of the profits and also specifically states that they are not to be viewed as partners. Based on these facts, which of the following statements is true?

• A) Chuck, Howard, and Ben will not be considered partners because of their express intention in their agreement.
• B) Chuck, Howard, and Ben are not partners because they do not share profits in proportion to their capital contributions.
• C) Chuck, Howard, and Ben are not partners because to be partners they must be professionals, such as dentists, lawyers, or doctors.
• D) Chuck, Howard, and Ben will be considered partners in the eyes of the law because they share profits and are involved in the management of the business.
• E) Chuck, Howard, and Ben will be considered partners, but someone claiming against the partnership will only be able to collect 33-1/3% from any one partner because of the agreement.

Comprehend the various theoretical approaches to language acquisition.

Grasp the basic linguistic units such as phonemes, morphemes, and semantics.

Understand the impact of socio-economic status on language exposure and development.

Identify the characteristics and significance of infant-directed speech.

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Definitions:

Autonomously

Acting independently or having the freedom to make one's own decisions.

Self-Determining

Having the power or capability to make decisions for oneself without external coercion.

Deliberations

The process of careful consideration or discussion aimed at reaching a decision or forming an opinion.

Personal Paternalism

The practice of limiting an individual's freedom or autonomy for their own good, usually within a personal or individualized context.