Luke and Aldith Are Thinking About Setting Up a Partnership

question 64

Essay

Luke and Aldith are thinking about setting up a partnership to carry on a consulting business,but want to spend as little as possible.They have agreed that they will share profits and losses equally.Do they need a partnership agreement?

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Definitions:

Air Out

The act of exposing something to air to remove moisture, odors, or stale air, often to freshen it.

Reinforcement

A concept in psychology that involves increasing the likelihood of a behavior by following it with a positive or negative consequence.

Modeling

The act of learning by observing and replicating others’ behaviors, attitudes, or emotional expressions.

Aggressive Child

A child who exhibits behaviors that intend to cause harm or discomfort to others, either physically or verbally.