Steve and Roger Allocate 2/3 of the Profits and Losses

question 16

Multiple Choice

Steve and Roger allocate 2/3 of the profits and losses to Steve and 1/3 to Roger. If the net income of the firm is $30,000, calculate the share of Roger's net income.

• A)$20,000
• B)$10,000
• C)$30,000
• D)$25,000

---

Definitions:

Duncan Watts

A sociologist known for his work on network theory, particularly in relation to small worlds and collective dynamics.

Charismatic authority

Describes a form of leadership where followers attribute extraordinary leadership abilities or qualities to a leader, often seen as revolutionary or heroic.

Bureaucratic organizations

Organizations structured in a hierarchical manner, emphasizing formal procedures, rules, and a clear division of responsibilities.

Occupational mobility

The ability of individuals to change their occupation or move up within their current career field.