Which of the Following Is True of a Partnership

question 5

Multiple Choice

Which of the following is true of a partnership?

• A)Actions of one partner are binding on all the other partners.
• B)Each partner is individually liable for partnership debts.
• C)All of the owners always share income and losses equally.
• D)Both A and B are correct.

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Definitions:

Functional Résumés

A type of résumé that focuses on skills and experiences rather than on chronological work history.

Work History

A record of an individual's past employment, including positions held, responsibilities, and durations.

Skills Claims

Statements made by individuals, particularly in job applications or interviews, asserting their abilities, competencies, and qualifications.

Networking

Involves communication with others for the purpose of exchanging information and forming networks for professional or social reasons.