The Fairest Way to Handle Profits in Any Partnership Arrangement

question 221

True/False

The fairest way to handle profits in any partnership arrangement is to divide things evenly. If there are two owners in the business, each gets 50%. If there are three owners (even if one is a limited partner), each gets 33.333% of any accumulated profits.

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Definitions:

Top Management

Senior-most executives who are responsible for overseeing the strategic direction and operational effectiveness of an entire organization.

Strategic Management

The process of identifying and executing an organization's strategic plan, by analyzing the competitive environment and aligning resources to achieve objectives.

Implementation

The process of putting a decision or plan into effect; executing or enacting a plan or policy.

Write Programs

The act of creating software or applications through coding or programming languages.