Luke Typically Spends 50-55 Hours Per Week Working in the Real

question 59

Multiple Choice

Luke typically spends 50-55 hours per week working in the real estate partnership he co-owns with Spencer. Spencer only spends about 30 hours a week on partnership business. Under the RUPA:

• A) Luke would be entitled to payment from the partnership for the extra 20-25 hours per week he spends on partnership business unless a partnership agreement denies this right.
• B) the partners cannot agree to deny extra payment for extra work by a partner.
• C) unless the partners have otherwise agreed, Luke is not entitled to payment for his work for the partnership, even if it is disproportionate to his partner's work.
• D) Luke would be entitled to payment from the partnership only if the amount of time and effort he expends on partnership business is grossly disproportionate to that spent by his partner.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, crucial for effective communication and negotiation.

Power Distance

A cultural dimension describing the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Future Orientation

This refers to the degree to which individuals or cultures prioritize and plan for future events, often impacting long-term decision making and goal setting.

In-Group Collectivism

The tendency of individuals in a group, organization, or society to prioritize and emphasize the goals, needs, and views of the in-group over those of outsiders.