The Revised Uniform Partnership Act is a federal statute that holds in all states

The purpose of an overall performance evaluation rating is to

a. Show the employee how they compare to others b. Serve as a cumulative, sum total of their performance throughout the rating period c. Let the employee know exactly how they need to improve d. Assign an arbitrary number to employee performance

Which of the following is NOT one of M&M's perfect capital market assumptions?

A) No taxes B) Individuals can borrow or lend at the same rate C) Every party has equal access to information D) Bankruptcy costs are reasonably low