Rosella, a General Partner of Leafe and Thorne,  Extends Credit

question 26

True/False

Rosella, a general partner of Leafe and Thorne,  extends credit of $2,000 to a friend. This is  in violation of a specific agreement not to extend credit over $1,000 without the other partners' approval. Rosella will be held personally liable to the partners for any unpaid debt since she violated the duty of obedience.

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Definitions:

Flexible Manufacturing Systems

Advanced production systems characterized by versatility in equipment and operations to efficiently produce varied products in small quantities.

Automated Guided Vehicles

Driverless vehicles equipped with sensors and processors, used in manufacturing and warehouses for material handling and transport tasks.

Material Handling

The act of transporting, securing, keeping, and supervising materials and goods from the point of manufacturing, through storage and distribution, to their consumption and eventual discard.

AGVs

Automated Guided Vehicles; robotic vehicles used for transporting materials around a manufacturing facility, warehouse, or other environments without direct human intervention.