If the Partnership Agreement Does Not Specify When a Limited

question 45

True/False

If the partnership agreement does not specify when a limited partner may withdraw or specify a definite time for the limited partnership's dissolution,a limited partner may withdraw upon giving at least one month's written notice to each general partner.

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Definitions:

Hygiene Factor

A term in Herzberg's motivation theory, referring to extrinsic conditions that prevent dissatisfaction but do not necessarily motivate employees.

Herzberg's Motivator-Hygiene Model

A theory in organizational behavior suggesting that certain factors drive job satisfaction (Motivators), while different factors cause dissatisfaction (Hygiene factors) if not present.

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Teams Competency

The collective skills, knowledge, and abilities of a team that enable it to perform effectively and achieve its objectives.