________ Is the Right to Perform or Command

question 58

Multiple Choice

________ is the right to perform or command.

• A)Responsibility
• B)Authority
• C)Delegation
• D)Accountability
• E)Centralization

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Definitions:

Partner's Consent

The agreement or approval given by a partner in a business partnership, allowing certain actions or decisions to be made.

Limited Liability

A legal structure where a company's owners and shareholders are protected from personal responsibility for the company's debts or liabilities.

Limited Partner

An investor in a partnership whose liability is limited to the amount of their investment, without management authority.

General Partner

In a partnership, the partner who has unlimited liability for the debts of the business and takes part in the management of the business.