Theoretical capacity reduced by normal and anticipated work stoppages is called

a. practical capacity.
b. normal capacity.
c. ideal capacity.
d. excess capacity.

A

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The XYZ Partnership is comprised of three partners. Sam and Earl each own 30% of the capital and profits, and Tim owns 40% of capital and profits. Sam and Earl each use a tax year ending on June 30. Tim's tax year ends September 30. What is the partnership's required tax year end?

A. June 30. B. None of the answers are correct. C. September 30. D. December 31.

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Interviewing individuals at a neighborhood café can generate a judgment sample.

a. true b. false

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