A Partner Has Implied Authority To

question 45

Multiple Choice

A partner has implied authority to:

• A) hire and fire employees necessary for operation of the business.
• B) purchase property necessary for the business.
• C) receive performance of obligations due the partnership.
• D) bring legal actions to enforce claims of the partnership.
• E) All of these.

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Definitions:

Beliefs

Deeply-held convictions or acceptances that something is true or exists, often forming the basis of attitudes and behaviors.

Specific Groups

Particular sets of individuals categorized by shared characteristics or interests.

Frequent Targets

Individuals or entities that regularly become the focus of specific actions, attention, or criticism within a given context.

Employee Hiring

The process of finding, selecting, and onboarding new employees to fill open positions within an organization.