Which of the Following Is True of Ownership Changes in a Partnership

question 113

Multiple Choice

Which of the following is true of ownership changes in a partnership?

• A)Admitting a new partner does not change the core structure of the old partnership.
• B)The purchase of an existing partner's interest is a transaction between the new partner and the partnership firm.
• C)Any time the partner mix changes,the old partnership ceases to exist and a new partnership begins.
• D)A person can become a partner by purchasing an existing partner's interest,even without the approval of the other partners.

---

Definitions:

Need for Power

The need for power is a psychological drive that motivates individuals to seek control or influence over others or situations.

Influence

The ability to impact the personality, growth, or actions of an individual or entity, or the impact in question.

Herzberg's Two-factor Theory

A theory of motivation proposing that employee satisfaction and dissatisfaction are influenced by two independent sets of factors: hygiene factors and motivators.

Limitation

A restriction or boundary that defines the scope of a particular thing, such as a concept, process, or activity.