Which of the Following Statements Is True of the Formation

question 24

Multiple Choice

Which of the following statements is true of the formation of general partnerships?

• A) Expert legal assistance can be acquired when drawing up a partnership agreement.
• B) It is illegal to start a partnership on the basis of a verbal agreement.
• C) A general partnership consists of a limited number of members.
• D) A general partnership refers to business unions formed through involuntary partnership agreements.

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Definitions:

External Locus

An individual's belief that external forces, beyond their personal control, have a significant impact on their life events and outcomes.

Experience Stress

The emotional or physical strain experienced as a response to challenging or demanding situations.

Cope Effectively

The ability to manage stressful situations or challenges in a way that minimizes negative outcomes and maximizes positive, healthy results.

Type A Personality

Type A personality describes individuals who are highly competitive, self-driven, goal-oriented, and can exhibit aggressive behavior under stress.