Which of the Following Statements Is True If a Partner

question 35

Multiple Choice

Which of the following statements is true if a partner commits a tort within the scope of his or her partnership duties?

• A)All partners are liable in accordance with the percentage of their capital contributions.
• B)All partners have common liability.
• C)All partners are liable in accordance with the percentages used for the allocation of profits.
• D)All partners are liable in accordance with the percentages used for the allocation of losses.
• E)All partners have joint and several liability.

---

Definitions:

Make or Buy

A decision-making process in businesses to determine whether to produce goods internally or purchase them from an external supplier.

Operating Capacity

The maximum output that a company can produce under normal conditions over a specific period of time.

Setup

An overhead activity that consists of changing tooling in machines in preparation for making a new product.

Changing Tooling

Changing tooling involves updating or replacing the sets of tools used in manufacturing processes to improve efficiency or adapt to producing a different product.