xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. General partnership
<h3>
What is partnership?</h3>
A formal agreement between two or more parties to run a business, share earnings, and manage it is known as a partnership.
Partnership agreements can take many different forms. Particularly in a partnership business, all partners equally share obligations and rewards, although in other businesses, partners may have limited accountability. The so-called "silent partner" is another option, in which one party does not participate in the day-to-day management of the company.
A partnership is a contract between two or more people to manage a business's operations and split the company's assets and liabilities.
All partners in a general partnership are equally responsible for the business's assets and liabilities.
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Answer:
E) beta
Explanation:
The security market line (SML) can be regarded as a line that is drawn on a chart which represent the capital asset pricing model. And it allows to know the expected of security which can be attributed to the function of non-diversifiable risk as well as systematic
.It should be noted that The security market line is a positively sloped straight line that displays the relationship between expected return and beta
Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found
Explanation:
The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.
Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil
Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.
<h3>What is Mary Gammel position?</h3>
She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.
Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.
Missing words "<em>Mary Gammel is a manager in the Retail Sales Department. Determine what should be included in the responsibility report of the manager</em>"
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