A Partner

question 3

Multiple Choice

A partner:

• A)Is not personally liable for business debts.
• B)Directly owns the business assets with the other partners.
• C)Does not pay tax on their share of partnership income.
• D)Cannot be sued by partnership creditors.

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Definitions:

Effective Team Member

An individual who contributes positively to the collective efforts of a group through collaboration, skill, and constructive communication.

Coordinates

Involves the numerical values that determine the precise position of a point in a space, often used in geographical mapping and graph plotting.

Manages

Directs the administration and organization of a business or project, coordinating efforts to achieve goals.

Storming Stage

The second phase of team development characterized by conflict and competition as team members adjust to their roles and the group dynamics.