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Timothy, Reuben, and John, Three Brothers, Work in a Partnership

question 24

Multiple Choice

Timothy, Reuben, and John, three brothers, work in a partnership firm that specializes in organizing events for people. John's friend Sam visited their place of business and made some suggestions to John for the next event that he was handling. Timothy and Reuben were however, out on a business trip when Sam visited their place. John out of gratuity got Sam a gift out of the business account and asked him to join the partnership. This, at present, could not be possible because of the doctrine of _____.

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Definitions:

Number of Hours

The total amount of time, counted in hours, spent or required for a particular activity or process.

Monthly Profit

The net amount of money gained by a business during a one-month period after all expenses have been paid.

Binding Constraint

A constraint in an optimization problem that directly limits the ability to achieve an optimal solution, where any relaxation of the constraint would improve the outcome.

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the overall project deadline.

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