Applied research is conducted to expand our knowledge rather than to solve a specific problem

You have a 24% interest in a Limited Partnership. The partnership produces $400,000 in profits this year. You also own 30% of the shares in a Corporation. It produces $400,000 in pre-tax profits this year. Its tax rate is 20% and its payout ratio is 100%. You are in the 33% tax bracket. Which of your two investments produces more income for you?

a) the limited partnership b) the corporation c) the same d) need to know the total number of shares in the corporation

When Steve discusses the "buyer for outdoor" and the "buyer for running," what does he mean?

a. These are the people responsible for determining how people buy these items from Zappos. b. These are the people who determine the product mix for each of these categories. c. These are the people who buy products that have been modified specifically for Zappos. d. These are the people who decide when to reposition their category.