Oscar Patel and Jon O'Keefe Own and Operate a Janitorial

question 85

Multiple Choice

Oscar Patel and Jon O'Keefe own and operate a janitorial cleaning service.Patel bought a new computer,which he plans for the company to use to track its customers,its suppliers,and for making business forecasts.Patel plans on using an installment plan to pay for the computer.O'Keefe was not asked if he thought the company needed a computer and was unhappy when he learned that he and Patel are both liable for the payments for the computer.Patel and O'Keefe have which of the following type of business?

• A) a general partnership
• B) a private corporation
• C) a joint partnership
• D) a limited partnership

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Definitions:

Manifest Conflict

Visible or openly expressed disagreement or discord among individuals or groups within an organization.

Constructive Conflict

A type of conflict that is managed effectively and leads to productive outcomes, such as problem-solving and innovation.

Effective Managers

Managers who achieve organizational goals efficiently and effectively by planning, organizing, leading, and controlling resources.

Relationship Conflict

A type of conflict that arises from interpersonal incompatibilities, including differences in personalities, values, or preferences, often leading to tension or emotional disputes.