Michael and Brian Each Invested $65 000 in a Partnership

question 7

Multiple Choice

Michael and Brian each invested $65 000 in a partnership where they agreed to share profits 40% Michael, 60% Brian. The partnership business was not successful and now has no assets. In addition they are being sued for $70 000 by a supplier for non- payment of invoices. What is the amount for which Michael could be held personally responsible if the lawsuit is successful? (Ignore any possible legal costs.)

• A) Zero
• B) $28 000
• C) $65 000
• D) $75 000

Understand the role of gender and how it influences leadership emergence and dynamics in groups.

Understand the analogy between business strategy and strategy in a game of poker as outlined by Carr.

Differentiate between various categories of marginally ethical negotiating tactics.

Comprehend the purpose behind using marginally ethical ambiguous negotiating tactics.

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Definitions:

Query Grid

A user interface tool in database software that allows for the visual construction of queries.

Field List

A dynamic area or pane in a software application or database where field names or data selections are listed for user operations.

Zero-Length

Refers to a string or data value that contains no characters or elements, often used to indicate a missing or undefined value.

Null

A value that signifies the absence of data or a missing or unknown value in a database or programming context.