James Was a Partner in a Large Firm

question 20

Multiple Choice

James was a partner in a large firm.He died unexpectedly.His son,Frank,wanted to take over for his father in the partnership and was well qualified to do the work his father had done.Which statement best describes Frank's rights in the partnership if he inherits the interest?

• A)Frank has a right to take over for his father in the partnership.
• B)Frank is entitled to the value in the partnership, but not to become a full partner.
• C)Frank has no rights to his father's partnership interest.
• D)Frank cannot be a full-fledged partner, but he can vote on firm matters.

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Definitions:

Noise Level

The measurement of the ambient level of sound, often referring to the background sound present in a given environment.

Internal Validity

The degree to which a study’s results are attributable to the independent variable, rather than other factors, indicating the study accurately reflects the relationship being tested.

Confounding Variable

An external influence that can affect the results of an experiment by varying along with the independent variable, potentially misleading the outcome.

Pretest-Posttest

A research design involving measurement before and after a specific intervention to assess its effects.