Which Statement Is True Regarding the Issue of Fernando's Father

question 15

Multiple Choice

Which statement is true regarding the issue of Fernando's father deciding to manage the partnership?

• A)He may be involved in management;but,as a limited partner,he may not be paid additional amounts for doing so.
• B)As a limited partner,he may not be involved in management and retain limited liability.
• C)There is no effect on the partnership agreement.
• D)Before he can undertake management duties,he must get the approval of at least one half of all general and limited partners.
• E)He may be involved in all matters of management except strategic planning.

---

Definitions:

Fire Hall

A building or facility that houses firefighters and firefighting equipment; also known as a fire station.

Crisis Situation

A critical, unstable time or state of affairs in which a decisive change is impending, often presenting considerable danger or difficulty.

Authoritarian Leadership

A governing or leadership style characterized by individual control over all decisions and little input from group members.

Informal Weekly Coffee Meetings

Casual gatherings usually held once a week to discuss various topics over coffee, promoting camaraderie and information sharing.