It is always popular to do the easy thing and to have mediocre ethical standards

Indicate whether the statement is true or false

f

Business

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Unit volume quotas not only state sales objectives in terms of number of units of each product to be sold, but also eliminate the effects of inflation from the pay system.

a. true b. false

Business

Jane and Joan decide to open a plumbing business. Both contribute money to the business, but

because Jane has expertise in plumbing, she makes all the management decisions. Joan will not participate in any of the day-to-day operations. Jane and Joan will split net income equally. This enterprise is: A) A partnership. B) Not a partnership because they do not share management responsibilities. C) Not a partnership because they do not co-own the business. D) Not a partnership because they are not carrying on a trade or business. E) Not a partnership because there is no association of two or more people.

Business