Which of the Following Happens When a General Partner Withdraws

question 2

Multiple Choice

Which of the following happens when a general partner withdraws from a limited partnership?

• A) The partnership must be sold.
• B) The partnership is transferred.
• C) The partnership is dissolved.
• D) The partnership operates normally.

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Definitions:

Autonomy

The degree to which an individual has the freedom to make decisions and take actions without external control or influence.

Expectancy Theory

A motivational theory positing that individuals are more likely to perform actions if they expect their efforts to lead to successful outcomes and valuable rewards.

Goal Specificity

The clarity and preciseness of a goal, making it explicit and defined, which can aid in motivating individuals to achieve it.

Expectancy

A person's belief about how their effort will lead to a certain level of performance and the anticipated outcomes of that performance.