A Partnership Is Not Dissolved When Any Partner Leaves the Business

question 2

True/False

A partnership is not dissolved when any partner leaves the business or dies.

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Definitions:

Increased Revenues

A rise in the amount of money a company earns from its business activities over a certain period.

Fixed Costs

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.

Relevant

Pertinent or closely connected to the matter at hand, often used in the context of information or data.

Operating at Capacity

The state of a business or a machine functioning at its maximum output or efficiency.