A Partnership Can Be Changed to a Corporation Later,when Profits

question 27

True/False

A partnership can be changed to a corporation later,when profits are assured.

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Definitions:

Ethical Behaviour

The practice of conducting oneself according to accepted principles of right and wrong, especially within a professional context.

Greatest Good

A principle often used in ethics and philosophy that refers to the action or policy that maximizes happiness or welfare for the greatest number of people.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.

Core Value

Fundamental beliefs or guiding principles that dictate behavior and action within an organization.