A Good Reason Why Partners Should Spell Out the Details

question 70

Multiple Choice

A good reason why partners should spell out the details of their partnership arrangements in writing is because ________.

• A)the partnership is not a legally recognized business until the arrangement is in writing
• B)a written agreement will help reduce misunderstandings and disagreements among the partners
• C)putting the agreement in writing will limit the liability of each partner to a specified level
• D)doing so will make it easier to convert the business to a corporation at a later date

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Definitions:

Activation-Synthesis

A theory in the field of dream research proposing that dreams result from the brain's attempt to make sense of neural activity during sleep.

Role-Playing

An activity in which individuals assume the roles of characters or figures to explore social and personal dynamics.

Heightened State

A condition of increased emotional, cognitive, or physical arousal, which can enhance performance or perception in certain situations.

Systematic Procedure

A methodical approach to solving a problem, typically following a fixed plan or sequence of steps.