A partnership is an unincorporated association of two or more individuals to carry on a business for profit. Many small businesses, including retail, service, and professional practitioners, are organized as partnerships.
A partnership agreement may be oral or written. However, to avoid misunderstandings, the partnership agreement should be in writing. The agreement should identify the partners; their respective business‐related duties and responsibilities; how income will be shared; the criteria for additional investments and withdrawals; and the guidelines for adding partners, the withdrawal of a partner, and liquidation of the partnership. For income tax purposes, the partnership files an information return only. Each partner shares in the net income or loss of the partnership and includes this amount on his/her own tax return.
After ten centuries of wars, defeats, and victories, the Byzantine Empire came to an end when Constantinople fell to the Ottoman Turks in May 1453. The city's fall sent shock waves throughout Christendom. It is widely quoted as the event that marked the end of the European Middle Ages.
Answer: Food and Drug Act
Explanation: Within months, two pieces of legislation resulted from Sinclair's novel: The Pure Food and Drug Act and the Meat Inspection Act, both signed into law on June 30th, 1906. Sinclair was an instant celebrity and a Socialist hero, and was finally financially stable.
Answer:
Canada's entry into the Cold War came with the disclosure in 1946 of a spy ring led by Igor Gouzenko. Involvement in NATO and support for the UN led Canada to be an active participant in the Korean War in 1949. In 1949, the Soviet Union detonated its first atomic bomb, and the age of superpowers was launched.
Answer:
1. False.
2. False.
3. False.
4. True.
5. False.
Explanation:
1. False: Humans made tools from metal in the Paleolithic Age. In the Paleolithic Age, humans used simple stone tools, spear, bow and arrows.
2. False: The first civilizations started in the mountains of Asia. According to archeologists, the first civilization started in Africa before they migrated to other parts of the world.
3. False: Neolithic humans settled in large fishing villages. Actually, the Neolithic humans settled in small farming villages and stopped being nomadic.
4. True: Government, writing, and religion are characteristics of civilization.
5. False: Humans invented the bow and arrow in the Bronze Age. Actually, humans invented the bow and arrow in the Paleolithic Age. In the Bronze Age, humans made tools from metal.
