The Essential Elements of a Partnership Do Not Include

question 17

Multiple Choice

The essential elements of a partnership do not include

• A) a sharing of profits and losses.
• B) a joint ownership of the business.
• C) an equal right in the management of the business.
• D) good faith.

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Definitions:

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behaviors.

Highly Subjective

Refers to judgments or opinions that are greatly influenced by personal feelings or beliefs rather than by objective facts.

Understanding of Reality

The ability to perceive, interpret, and respond to the external world in an accurate and coherent manner.

Genetically Determined

Traits or conditions that are influenced by genes inherited from one's parents.