Which of the Following Property Rights Do Partners Have, When

question 66

Multiple Choice

Which of the following property rights do partners have, when the articles of partnership are silent?

• A) The right to participate in the management of the business, the right to possess partnership property, and the right to an interest in the partnership.
• B) The right to participate in the management of the business, but not the right to possess partnership property or the right to an interest in the partnership.
• C) The right to participate in the management of the business and the right to possess partnership property, but not the right to an interest in the partnership.
• D) The right to participate in the management of the business and the right to an interest in the partnership, but not the right to possess partnership property.
• E) The right to possess partnership property and the right to an interest in the partnership; but not the right to participate in the management of the business because while the right to participate in management may exist, it is not a property right.

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Definitions:

Entrepreneurship

Engaging in the creation of a business or multiple businesses, undertaking economic risks in anticipation of making a profit.

Skills

The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.

Corporate Entrepreneurs

Individuals within a large company who develop new ideas, products, or business models, effectively acting as entrepreneurs within the corporate structure.

Entrepreneurs

Individuals who, recognizing opportunities, take on the financial risk of starting and managing a new business venture.