Engineering Economics
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

Status company
Known owners
Big income
Goodwill

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Engineering Economics
In case of bankruptcy of a partnership,

The partners personal assets are attached to the debt of the partnership
The partners are not liable for the liabilities of the partnership
The partners nay sell stock to generate additional capital
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

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