The Following Information Is Available Regarding John Smith's Capital Account

question 27

Multiple Choice

The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partnership, for a recent year: What is Smith's partner return on equity during the year in question?

• A) 36.6%
• B) 34.7%
• C) 10.8%
• D) 11.4%
• E) 55.7%

---

Definitions:

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting fair competition and preventing unlawful monopolies by regulating certain business practices.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Per Se Violations

Actions that are considered inherently illegal under antitrust laws, without needing to prove their harm on competition.

Business Practices

Established methods of conducting business, which can include strategies, ethics, policies, and procedures.