Which of the Following Are Rights of Partners Under the Partnership

question 2

Multiple Choice

Which of the following are rights of partners under the Partnership Act?

• A)To appoint a new partner.This appointment cannot be challenged unless the new partner is the son or daughter of the appointing partner.
• B)To inspect the accounts of the partnership.
• C)To be paid wages.
• D)All of the above.

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Definitions:

Unequal Distribution Of Income

A situation where income is not distributed evenly among the population, leading to disparities in wealth and living standards.

Differences In Work Preferences

Differences in work preferences refer to the variation among individuals in terms of the type of work, work environment, hours, and conditions they find most satisfying or acceptable.

Income Distribution

Refers to the way in which total income is shared among the population or different groups within a society.

Income Mobility

The ability of individuals or households to move up or down the income distribution over a period of time.