In the Absence of an Express Agreement Permitting Continuation of the Business

question 24

Multiple Choice

In the absence of an express agreement permitting continuation of the business by the surviving partners, they must wind up the business and account for the share of any partner who has:

• A) withdrawn.
• B) died.
• C) been expelled.
• D) all of the above.

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Definitions:

Environmental Challenges

Issues related to the natural environment that impact businesses and societies, like climate change, pollution, and resource depletion, requiring adaptive strategies.

Human Resource Planning

The process involved in ensuring that an organization has the right number and kind of people, at the right place and time, capable of effectively and efficiently completing tasks that will help the organization achieve its overall objectives.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic, cultural, and technological exchange.

Language and Communication

Involves the use of verbal and nonverbal symbols to convey thoughts, feelings, and information among individuals or groups.