Which of the Following Statements Describes the Situation in Which

question 47

Multiple Choice

Which of the following statements describes the situation in which a new person pays a bonus to buy into a partnership?

• A)The new person pays a greater amount into the partnership than his or her proportionate share of the total capital.
• B)The new partner pays in to the partnership an amount that is less than his or her proportionate share of the total capital.
• C)The new person pays certain amounts directly to the existing partners in addition to his or her payment to the partnership.
• D)The new partner pays in an amount equal to the average capital balances of the existing partners.

---

Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events, often within organizational or social structures.

Status

The relative social or professional position or rank of an individual or group within a society or organization.

Cross-Cultural Leadership

A leadership approach that recognizes and effectively manages cultural diversity in an organizational setting.

Cultures

The shared values, norms, languages, practices, and customs of a group of people or society.