Articles of Partnership Are Required by Many States for Businesses

question 36

Multiple Choice

Articles of partnership are required by many states for businesses that have two or more co-owners.The issues covered usually include all of the following except

• A) a statement of what each partner contributes.
• B) how the profits and losses will be divided.
• C) what duties the partners will have.
• D) provisions for leaving the partnership.
• E) classes of stock to be issued.

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Definitions:

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and integrity.

Colourful Pictures

Images that are rich in colors and visually striking, often used to attract attention or convey specific emotions.

Negative Message

Communication that conveys refusal, denial, or an unfavorable outcome, often requiring careful wording to maintain professionalism and tact.

Meeting Quotas

Meeting quotas refers to achieving set targets or minimum levels of performance, often related to sales, production, or other measurable activities within a given timeframe.