Which of the Following Could Result in the Termination and Liquidation

question 35

Multiple Choice

Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose to cease operations.2) There are excessive losses that are expected to continue.3) Retirement of a partner.

• A) 1 only.
• B) 1 and 2 only.
• C) 2 and 3 only.
• D) 3 only.
• E) 1, 2, and 3.

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Definitions:

Internal Factors

Influences, characteristics or conditions within a person that affect their behavior and attitudes.

External Factors

Elements outside an organization or individual that can affect performance, outcomes, or decision making.

Imagines

The act of forming mental images or concepts of what is not actually present to the senses.

Ballet Dancer

An individual trained in ballet, a classical dance form characterized by grace, precision, and disciplined technique.