Compton and Danson Form a Partnership in Which Compton Contributes

question 108

Multiple Choice

Compton and Danson form a partnership in which Compton contributes $70,000 in assets and agrees to devote half time to the partnership. Danson contributed $50,000 in assets and agrees to devote full time to the partnership. If no additional information is available, how will Compton and Danson share in the division of income?

• A) 5:7
• B) 1:2
• C) 1:1
• D) 5:2

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Definitions:

Training Needs

Identifications of gaps in skills, knowledge, and abilities among employees, determining what training is required to bridge these gaps for improved performance.

Double-Loop Learning

A learning concept where individuals not only make corrections based on mistakes but also examine and adapt the underlying governing values and policies.

Setbacks

Unforeseen challenges or obstacles that hinder progress or achievement of goals.

Leaders

Individuals who guide or direct in a course by showing the way, or the act of inspiring others towards achieving a common goal.