Assume the Articles of Partnership State That Partnership Profits and Losses

question 3

Multiple Choice

Assume the articles of partnership state that partnership profits and losses should be divided between Partners F and G in the ratio of 70:30.Partnership income of $100,000 would be divided as follows:

• A)​F would receive $70,000
• B)​G would receive $70,000
• C)​F & G each would receive $50,000
• D)​F would receive $30,000

---

Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Reverse Discrimination

Reverse discrimination refers to the unfair treatment of members of a majority or dominant group, often as a result of attempting to correct historical inequalities towards minority groups.

Employment Equity Programs

Developed by employers to undo past employment discrimination or to ensure equal employment opportunity in the future. Called affirmative action programs in the United States.

Secondary Dimensions

Aspects of a person’s identity or background that are less visible or changeable, such as education level, marital status, religious beliefs, and geographic location, affecting their experience of the world.