A Partnership Can Be Joined By

question 79

Multiple Choice

A partnership can be joined by:

• A) investing into the business.
• B) purchasing an equity interest in the business.
• C) buying out one of the partners and taking over their interest (by mutual agreement).
• D) All of the above are correct.

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Definitions:

Perceived Value

The worth or importance a consumer assigns to a product, service, or brand, based on how well it is believed to meet needs and expectations.

Effort

The amount of physical or mental energy expended to achieve a goal.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple or well-practiced tasks.

Festinger

A psychologist known for his theory of cognitive dissonance, which suggests that people experience psychological discomfort when holding two or more contradictory beliefs.