Which One of the Following Is Correct with Respect to the Rights

question 182

Multiple Choice

Which one of the following is correct with respect to the rights of partners unless they have agreed otherwise?

• A) Personal expenses incurred by the partners in the course of business are reimbursed.
• B) Only the partners that have contributed the largest capital amount have the right to share in management.
• C) No major decision can be taken without a majority vote agreement of all the partners.
• D) All profits are shared equally between the partners.
• E) Partners can sell their share of the partnership to another person without the agreement of the partners.

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Definitions:

Negative Reinforcement

A process in behavioral psychology where the removal of an unfavorable stimulus strengthens a behavior or makes it more likely to occur again in the future.

Punishment

A consequence applied with the aim of reducing the likelihood of a behavior recurring.

Observational Learning

The process of acquiring skills, knowledge, or behavior by observing and imitating others.

Operant Conditioning

A learning process in which the strength of a behavior is modified by its consequences, such as rewards or punishments.