Which of the Following Statements Is True of Partnerships

question 41

Multiple Choice

Which of the following statements is true of partnerships?

• A)If the partners have no partnership agreement specifying how to divide profits and losses,then they share profits and losses equally.
• B)It is legally required to share the profit and losses equally,irrespective of the partnership agreement.
• C)The stated ratio of profit sharing needs to be approved by the SEC.
• D)The profit sharing is always based on each partner's capital balances and any losses will be shared equally.

Knowledge of various tools and their effectiveness in content creation.

Comprehend the concepts of brand voice and personal brand in establishing a unique social media presence.

Recognize the essential skills needed for creating a strong online brand voice.

Differentiate between generalist and specialist roles in social media.

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Definitions:

Proliferation

Rapid increase or growth of cells or organisms in a given environment or situation.

Synovial

Pertaining to synovial fluid or joints, specifically the type of joint that is encased in a flexible capsule filled with lubricating fluid to enable movement.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to optimal conditions for survival.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.