Luke and Maya Form Northwest Air Express,a General Partnership

question 31

Multiple Choice

Luke and Maya form Northwest Air Express,a general partnership.The essential elements of this partnership do not include

• A)a sharing of profits and losses.
• B)a joint ownership of the business.
• C)an equal right to management in the business.
• D)goodwill.

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Definitions:

Organizational Commitment

Is the degree to which an employee identifies with an organization and is willing to exert effort on behalf of the organization.

Job Embeddedness

A concept that describes the extent to which an employee is cognitively and emotionally attached to their employer, influenced by factors like relationships, fit, and sacrifice.

Exert Effort

The act of applying physical or mental energy towards accomplishing a task, demonstrating dedication or hard work.

Public-Policy Exception

A legal doctrine that prevents employers from terminating employees if the dismissal contravenes public policy or law.