Fact Pattern 14-1?Desi Starts Up ESites, an Internet Service, and Leases

question 31

Multiple Choice

Fact Pattern 14-1?Desi starts up eSites, an Internet service, and leases office space in a building owned by Fred.The lease requires Desi to pay Fred a base rental of $1,250, plus 10 percent of eSites' profits, each month.The term is two years.Desi hires Gwen to work at eSites' tech support desk at an hourly wage of $12.50, plus a commission of 10 percent of the profits.The term is also two years.
-Refer to Fact Pattern 14-1.Desi and Fred are

• A)not partners, because Fred does not have an ownership interest or management rights in eSites.
• B)not partners, because the lease includes a "base rental."
• C)not partners, because the rent includes only 10 percent of the profits.
• D)partners in a partnership for two years.

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Definitions:

Life Expectancy

The average period that a person may expect to live, often used as a measure of the health and well-being of populations.

Disability-Free

The state of being without any physical or mental limitations that inhibit daily activities.

Mortality Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Hispanic Americans

Citizens or residents of the United States who are of Hispanic or Latino origin, representing a diverse range of cultures and backgrounds.