Engineering Economics
Which is true about partnership?

It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The payments are made at equal interval of time.
Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The first payment is made at the beginning of the first period.

ANSWER DOWNLOAD EXAMIANS APP