<span>After completing your turn, and before changing lanes, you should:
use the turn signal to indicate which lane you're going to, check the rear-view mirrors and then center yourself in the lane.
These rules are easy to follow for your safety, the safety of your car as well as the safety of other cars and car drivers </span>
Answer:
a. How long will the current bridge system work before a new bracing system is required?: 64.18 years or 64 years and 2 months.
b. What if the annual traffic rate increases at 8 % annually: The bracing system will last for 24.65 years or 24 years and 7 months.
c. At what traffic increase rate will the current system last only 12 years: 17.13%
Explanation:
a. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 3% or 1.03 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.03^x = 2000. Show the equate, we have 1.03^x = 6.67 <=> x = 64.18
b. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 8% or 1.08 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.08^x = 2000. Show the equate, we have 1.08^x = 6.67 <=> x = 24.65.
c. Denote x as traffic increase rate. The current pedestrian is 300, the grow rate per year is (1+x) times a year. Thus, to reach 2,000 after 12 years and thus a new bracing system to be in place, we have the equation: 300 x (1+x)^12 = 2000. Show the equate, we have (1+x)^12 = 6.67 <=> 1+x = 1.1713 <=> x = 17.13%.
The correct statement is that a legal arrangement where two or more people share ownership of a business is called a partnership. So, the correct option is C.
A partnership may be started by two individuals with an intention to share the profits and losses of such business in a predetermined proportion.
<h3>Partnership Firm </h3>
A partnership firm is a form of business organization where at least two individuals put their resources and carry a legal business.
The individuals of a partnership firm are collectively known as partners, where they tend to share the profits and losses proportionately to their capital invested.
There exists vicarious liability among the partners, which means that all the partners are liable for the acts of one or more partner as per the legal contract.
A partnership firm may be terminated by lapse of time, dispute between the partners, dissolution, insolvency, but has a perpetual succession.
Hence, the correct option is C that legal arrangement where two or more people share ownership of a business is called a <u>partnership. </u>
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