Randy,Joan,and Arnie Are Partners

question 44

Multiple Choice

Randy,Joan,and Arnie are partners.Their agreement did not address dissociation nor how long the partnership would last.Randy decided to leave the partnership.When Randy serves notice he intends to withdraw:

• A) the partnership can either buy him out and continue in business or wind up the business and terminate the partnership.
• B) the partnership terminates.
• C) the partnership winds down.
• D) the partnership estoppes.

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Definitions:

Work Tasks

Specific jobs, duties, or responsibilities that are assigned to an individual or team in a work environment.

Situational Approach

A theory that suggests leadership effectiveness depends on the interplay between a leader's behavior and the specifics of a situation.

Psychological Characteristics

Traits of an individual's mental functions and behaviors, including attitudes, perceptions, and emotions.

Organizational Behaviour

An area of study that investigates the impact of individuals, groups, and structures on behavior within organizations, aiming to apply such knowledge towards improving an organization's effectiveness.