Guy and Hanna Do Business as G-H Associates

question 12

Multiple Choice

Guy and Hanna do business as G-H Associates.If G-H is a partnership,it is governed by the Uniform Partnership Act

• A)in the absence of an express agreement.
• B)in the absence of an implied agreement.
• C)only in the presence of an express agreement.
• D)under all circumstances.

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Definitions:

Per Capita Income

A measure of the average income earned per person in a given area or country, calculated by dividing the area's total income by its population.

Manufacturing Sector

The segment of an economy that is involved in the production of goods using labor, machinery, and tools.

Developing Countries

Refers to nations with lower levels of income, industrialization, and often a lower Human Development Index compared to developed countries.