Betsy Ross and Delia Smart were the only partners in a new business. Betsy contributed $100,000 to the business and Delia contributed $50,000. No thought was given as to how profits were to be divided
At the end of the first year the business made $30,000 profit, and Betsy had done 50% more work than Delia. How will the profits be shared?
A) As there was no express agreement, the Partnership Act will apply to establish the split.
B) The split will be according to their respective contribution of capital, so Betsy will get $20,000 and Delia $10,000.
C) The split will be according to their respective contribution of labour, so Betsy will get $18,000and Delia $12,000
D) The split will be equal
E) Both A and D
E
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The research indicated that British consumers perceived the colors differently than U.S. consumers. The package design was changed accordingly. This type of strategy can be defined as: A) product-communications extension. B) product extension-communications adaptation. C) product adaptation-communications extension. D) product-communication adaptation. E) product invention.
Managers in an international business must find ways to work around the limits imposed by specific governmental institutions
Indicate whether the statement is true or false.