Zach, Khalid, and Ira Form a Partnership

question 6

Multiple Choice

Zach, Khalid, and Ira form a partnership. Zach's capital contribution to the firm is $5,000, while Khalid and Ira contribute $10,000 each. The parties do not make any express agreement concerning how profits are to be divided. However, they agree to share losses as follows: Zach, 40%, Khalid and Ira, 30% each. During the first year of the partnership, the business makes a profit of $30,000. Given this scenario, what will be Zach's share of the profit?

• A) $5,000
• B) $9,000
• C) $10,000
• D) $12,000

Understand the principles and components of organizational charts, including chain of command and division of labor.

Recognize methods to assess organizational effectiveness and understand the concept of the learning organization.

Identify the various organizational subsystems in the open-system model and their functions.

Grasp the stages of organizational learning according to David A. Garvin.

---

Definitions:

Demedicalization

The process by which a health condition or behavior is no longer classified as a medical disorder requiring treatment, often reflecting changes in social attitudes.

National Health System

A publicly funded healthcare system in which the government provides essential healthcare services to residents, often funded through taxation.

National Health Insurance

A government-sponsored insurance scheme intended to provide health coverage to citizens, typically funded through taxes.

Entrepreneurial System

A socioeconomic structure that enables innovation and supports individuals in developing new businesses and ventures.