Which of the Following Decisions Must Be Approved by All

question 44

Multiple Choice

Which of the following decisions must be approved by all the partners of a partnership business that provides accounting and auditing services?

• A)Buying paper supplies for the partnership.
• B)Making a contract to provide audit services.
• C)Borrowing money to repay a partnership debt.
• D)Hiring a secretary.

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Definitions:

Expert Power

is the influence one possesses due to their skills, knowledge, or expertise in a particular area, which others recognize and value.

Distinct Source

A unique origin from which information, data, or materials are obtained.

Centrality

Centrality refers to the importance or influence of a role or position within a network or structure.

Knowledge-based Economy

An economy driven by the use of knowledge and information as the key asset for growth and development.