Anne and Natasha Form a Partnership

question 26

Multiple Choice

Anne and Natasha form a partnership. There is no partnership agreement. Anne does twice as much work as Natasha and wants a bigger share of the profits. Which of the following is TRUE?

• A)The court will decide the distribution of profits according to the Partnership Act.
• B)The court will split the profits according to the number of hours each worked
• C)The court will split the profits equally
• D)The court will split the profits based on what is fair
• E)Both A and C

---

Definitions:

Bureaucracy

A system of management and administration characterized by hierarchical structure, defined roles and responsibilities, and a set of formal rules and procedures.

Rational Place

Refers to an environment or context in which decisions are made based on logical reasoning and empirical evidence.

Moral Place

A conceptual space or position that is accorded moral significance and ethical consideration within a society or community.

Social Facts

Durkheim's concept for societal norms, values, structures, and institutions that exert social control and influence individual behavior.