An Unpaid Creditor of a Partnership Has the Right To

question 20

Multiple Choice

An unpaid creditor of a partnership has the right to:

• A)sue any partner.
• B)advise the Australian Taxation Office so the debt can be paid from taxes that are later collected by the Australian Taxation Office.
• C)sue any shareholder.
• D)put the partnership into liquidation.

---

Definitions:

Long-Run Price Elasticity

The measure of responsiveness of quantity demanded or supplied to a change in price over a long period, allowing all inputs to be adjusted.

Short-Run Price Elasticity

A measure of the responsiveness of quantity demanded or supplied to a price change over a short period.

Gasoline

A volatile, flammable liquid used primarily as fuel in internal combustion engines.

Labor Unions

are organizations that represent the collective interests of workers in negotiations with employers over wages, working conditions, and other aspects of employment.