In a Partnership, Mutual Agency Means That

question 62

Multiple Choice

In a partnership, mutual agency means that:

• A)the addition of a new partner does not dissolve the old partnership and mutually exchange the ownership with the exiting partner.
• B)every partner must bring the same amount of capital.
• C)the agency problem between the principal and agents are mutual and gets neutralized.
• D)any partner can bind the business to a contract within the scope of its regular business operations.

---

Definitions:

Holland Scale

A theoretical framework used in career counseling to match individuals' preferences, interests, and personality types with compatible career paths.

Oregon

A state in the Pacific Northwest region on the West Coast of the United States.

Vocational Interest Scales

Assessment tools designed to evaluate an individual's preferences and interests in various vocational areas to guide career choice.

Adventure Career Path

A career trajectory that involves pursuits or jobs that are unconventional, exciting, and entail a certain degree of risk or unpredictability.