Partners' Personal Assets

question 137

Multiple Choice

Partners' personal assets:

• A)cannot be reached by partnership creditors.
• B)cannot be reached by partnership creditors unless partnership assets are exhausted.
• C)can only be reached by personal creditors.
• D)none of the above

---

Definitions:

Expectancy Theory

A motivation theory stating that an individual's motivation is influenced by the belief that effort will lead to performance and performance will lead to desired rewards.

Need-Based Theory

A theory that emphasizes understanding human motivation in terms of specific needs, such as safety, esteem, and self-actualization.

Cognitive Perspective

A psychological approach that focuses on the mental processes involved in knowledge acquisition, perception, memory, and problem-solving.

Goal Theory

A psychological framework suggesting that setting and striving for specific, challenging goals can significantly improve performance.