When a Partnership Is Dissolved

question 14

Multiple Choice

When a partnership is dissolved:

• A) it is implied that the business cannot form a different ownership structure.
• B) it is implied that the business cannot continue with a new group of partners.
• C) it is implied that it must be dissolved with any change in partnership structure.
• D) it is implied that the business will halt operations.

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Definitions:

Self-Efficacy

A person’s belief that she or he is capable of performing a task.

Motivation

The process by which a person’s desires and values influence his or her behavior.

Self-Efficacy Theory

A concept in psychology that refers to an individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Confidence

The belief in one's abilities, qualities, and judgment, often leading to a sense of self-assurance.