In a Partnership of A, B , and C, a Commits

question 47

True/False

In a partnership of A, B , and C, A commits fraud which creates a liability to the partnership of $9,000.If the three partners share profits and losses equally, A 's liability to the partnership for his fraudulent act is $3,000.

---

Definitions:

Independent Variable

The variable in an experiment that is manipulated to observe its effect on a dependent variable.

Internal Validity

The extent to which a study can demonstrate a cause-and-effect relationship between variables, free from external influence.

Random Assignment

A process used in experimental designs to assign subjects randomly to either the treatment group or the control group, ensuring that each participant has an equal chance of being placed in any group.

Equivalent

Equal in value, function, or meaning.