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.

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Definitions:

Directive Leadership

A leadership style where the leader makes decisions unilaterally and communicates expectations clearly and directly to subordinates.

Ambiguous Rules

Guidelines or regulations that lack clarity and can be interpreted in multiple ways, often leading to confusion and inconsistency in application.

Self-limiting Behaviors

Actions or habits that prevent individuals from reaching their full potential, often due to self-doubt or fear of failure.

Motivate Followers

Motivating followers involves inspiring and encouraging individuals or teams to achieve their goals and perform at their best through various methods, including recognition, rewards, and personal development opportunities.