Written Consent of All Partners Is Required for the Addition

question 17

True/False

Written consent of all partners is required for the addition of a general partner if the partnership agreement so provides or if the partnership agreement fails to deal with this issue.

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Definitions:

Departmental Contribution

The amount of revenue generated by a specific department minus the direct costs associated with that department.

Standard Deviation

A measure of the dispersion or variability within a set of numeric values, indicating how spread out the values are from the mean.

Dispersion

Refers to the degree of variation or spread of data points in a dataset.