Which of the Following Is NOT True About the Management

question 56

Multiple Choice

Which of the following is NOT true about the management powers of partners?

• A)A partner whose name is not on the signature card filed with the bank does not have apparent authority to issue checks.
• B)A partner's knowledge of material information relating to partnership affairs is imputed to the partnership.
• C)A partner has implied and apparent authority to indorse and cash checks drawn payable to the order of the partnership.
• D)A partner who has the authority to borrow money also has authority to issue negotiable instruments.

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Definitions:

Customer Orientation

A business approach that focuses on identifying and meeting the needs and expectations of customers.

Standard Products

Goods manufactured or procured to consistent specifications each time, which meet a predetermined quality level.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.

Business Practices

Business practices encompass the methods, strategies, and procedures adopted by a company to conduct its business and pursue its goals.