Rental equipment for parties and special occasions

Assignment Help Operation Management

Reference no: EM132208981

Lisa and John own a partnership that provides rental equipment for parties and special occasions. Which of the following is true about the way Lisa and John would handle company profits? a. Split the profits according to how many hours each person worked. b. Divide the profits according to each person's investment in the business. c. Distribute the profits according to the terms of the partnership agreement. d. They would do nothing because partnerships require that profits remain in the business. e. Automatically split the profits, with 50 percent for Lisa and 50 percent for John.

Reference no: EM132208981

Questions Cloud

Describe two ways technology-growth of intellectual property : Describe two ways technology and growth of intellectual property might require change in the traditional prespectives of property and profit.

Describe value-added activities that are associated : Describe the value-added activities that are associated with this organization in terms of. How do they transform the product or service?

Identify and define the elements of tactical marketing plan : Identify and define the elements of a tactical marketing plan for a new kind of cola.

Advantage of sole proprietorship : Which of the following is an advantage of sole proprietorship? Shares of Burger House stock cannot be purchased on any stock exchange or by just any individual.

Rental equipment for parties and special occasions : Lisa and John own a partnership that provides rental equipment for parties and special occasions.

What are some ways that the business community : What are some ways that the business community might be able to help solve those two critical social issues?

What are your thoughts on normalization : Do you think your tables in your project are normalized? Explain how this session helped your project? What are your thoughts on normalization?

Find level staffing plan that relies just on overtime : Find a level staffing plan that relies just on overtime and the minimum amount of undertime possible.

Create statement of work document : You will create a Statement of Work document this week for your project.

User Account

All Pages