Business Essentials, 12/e

Exercising your Ethics

Breaking Up is Hard to Do

The Situation

Connie and Mark began a 25-year friendship after finishing college and discovering their mutual interest in owning a business. Established as a general partnership, their home furnishings center is a successful business sustained for 20 years by a share-and-share-alike relationship. Start-up cash, daily responsibilities, and profits have all been shared equally. The partnership agreement was general and doesn’t require specific work hours. The partners both average four days a week in the store except in particularly busy seasons. Shared goals and compatible personalities have led to a solid give-and-take relationship that helps them overcome business problems while maintaining a ...