QUESTION 5 If Ali is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses Ob-Liable for only 50% of the company's losses Oe. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: 0 a. 21 days a year b. 2 days a month c. 30 days a year O d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) O True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million OC. AED 10 million d. AED 30 million

QUESTION 5 If Ali is not a partner in a General Partnership, but his name was included in the company name without his approval, then All would be: O a. Fully liable to the company's losses Ob-Liable for only 50% of the company's losses Oe. Not liable for the company's losses Od. Considered a Limited Partner QUESTION 6 A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: 0 a. 21 days a year b. 2 days a month c. 30 days a year O d. 3 days a month QUESTION 7 Limited Liability Company's name must include the names of the actual partners. ( ) O True False QUESTION 8 The minimum amount of capital for a Public Joint Stock Company is: O a AED 5 million b. AED 15 million OC. AED 10 million d. AED 30 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3 A profit-maximizing employer should hire workers as long as their marginal revenue product is greater than the marginal cost. True False
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1. Individual Problems 1-11 The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 50% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 20% of company profits in excess of $150,000. On the following graph, use the purple points (diamond symbols) to plot the vice president's salary as a function of annual profit, for the profits levels of $0, $50,000, $100,000, $150,000, $200,000, $250,000, and $300,000. MANAGER SALARY (Thousands of dollars) 250 725 200 175 110 125 100 Total VP Salary
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