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NEW QUESTION: 1
Berry, Drake, and Flanigan are partners in a general partnership. The partners made capital contributions
as follows: Berry, $150,000; Drake, $100,000; and Flanigan, $50,000. Drake made a loan of $50,000 to
the partnership. The partnership agreement specifies that Flanigan will receive a 50% share of profits,
and Drake and Berry each will receive a 25% share of profits. Under the Revised Uniform Partnership Act
and in the absence of any partnership agreement to the contrary, which of the following statements is
correct regarding the sharing of losses?
A. The partners will share equally in any partnership losses.
B. The partners will share in losses on a pro rata basis according to the capital contributions.
C. The partners will share in losses on a pro rata basis according to the capital contributions and loans
made to the partnership.
D. The partners will share in losses according to the allocation of profits specified in the partnership
agreement.
Answer: D
Explanation:
Choice "d" is correct. Under the Revised Uniform Partnership Act, unless agreed otherwise, partners
share losses in the same manner that they share profits.
Choice "a" is incorrect. Under the Revised Uniform Partnership Act, unless agreed otherwise, partners
share losses in the same manner that they share profits. Here, the partners agreed to share profits in a
2 :1:1 ratio. Thus, losses will be shared in that manner rather than equally.
Choice "b" is incorrect. Under the Revised Uniform Partnership Act, unless agreed otherwise, partners
share losses in the same manner that they share profits. They are not shared in accordance with the
partners' capital contributions.
Choice "c" is incorrect. Under the Revised Uniform Partnership Act, unless agreed otherwise, partners
share losses in the same manner that they share profits. They are not shared in accordance with the
partners' capital contributions or loans.

NEW QUESTION: 2
Which option describes the Cisco best practice for using authentication-based access policies?
A. It should be used below nonauthentieating access policies in the Web Security Manager/Access Policies menu page.
B. It should be used as the only policy.
C. It should be used as the Global Policy.
D. It should be used above nonauthentieating access policies in the Web Security Manager/Access Policies menu page
Answer: D

NEW QUESTION: 3
What are the three main drivers for changing operations? (Choose three.)
A. change of competition
B. change of internal collaboration solutions
C. change of relative strengths
D. change of ISP
E. change of networking equipment in the network
F. change of application software version
G. change of market trends
Answer: A,C,G

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