Which of the Following Two Terms Both Refer to the Same

question 31

Multiple Choice

Which of the following two terms both refer to the same document?

• A)Price list & sales order
• B)Packaging slip & bill of lading
• C)Shipping log & packing slip
• D)Sales order & purchase order

---

Definitions:

Classes of Partners

This term refers to the different roles or types of partners within a partnership, such as general partners, who have unlimited liability, and limited partners, who have liability restricted to their investment.

Implied Authority

Authority that is not explicitly defined but is assumed to be granted as part of an agent's role or duties.

Trading Partnership

A formal arrangement between two or more parties to manage, operate, and share the profits or losses of a business venture.

LLP Partners

Individuals who are members of a Limited Liability Partnership, bearing rights and responsibilities as defined in the LLP agreement.