Which of the Following Is True of the Management of a General

question 77

Multiple Choice

Which of the following is true of the management of a general partnership?

• A) The number of votes a general partner has depends on the proportion of his or her capital investment.
• B) Partnership matters are decided by unanimous agreement only.
• C) Only general partners in the board of directors have the authority to participate in the management.
• D) If the vote is tied, the action being voted on is considered to be defeated.

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Definitions:

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Business practices involving initiatives that benefit society, reflecting a company's commitment to act ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

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