Examlex
Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partnership?
1) allocation of salaries.
2) the number of years with the partnership.
3) the amount of time each partner works.
4) the average capital invested.
Bourgeoisie
The middle class in capitalist societies, owning means of production and employing labor power for profit.
Instrumental Rationality
A type of reasoning or logic focused on selecting the most efficient means to achieve a specific goal or end, without necessarily considering ethical or moral implications.
Welfare Policies
Government initiatives designed to support the well-being of the population, particularly the most vulnerable, through services and financial assistance.
Authority
Is legitimate, institutionalized power.
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