In a Partnership, Debts Accumulated by One Partner

question 268

Multiple Choice

In a partnership, debts accumulated by one partner

• A) are the responsibility of that partner only.
• B) are the responsibility of the other partners as well.
• C) are the responsibility of all the employees of the partnership, regardless of whether those employees are partners.
• D) are the responsibility of the other partners only up to the amount each partner initially invested in the partnership.

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Definitions:

Aggregation

In psychology, a method involving the combination of multiple measurements or observations over time to obtain a more reliable estimate of a trait or behavior.

Random Errors

Errors in measurement or observation that arise from unpredictable and uncontrollable variations, leading to a lack of consistency.

Case Study Method

A research approach that involves the intensive analysis of an individual unit (such as a person or a group) to explore and understand complex issues.

Generalizable

The characteristic of research findings or statistical outcomes that can be applied to broader populations beyond the sample studied.