In Admitting a New Partner, Where the Company Chooses to Use

question 21

True/False

In admitting a new partner, where the company chooses to use the purchase of an interest method, the capital interest of the new partner is obtained from the current partners and both the total assets and total capital are increased.

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Definitions:

Path-goal Theory

A leadership theory that emphasizes the leader's role in guiding and motivating followers to achieve set goals by clarifying the path to these goals.

Path-goal Theory

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide the necessary direction and support.

Path-goal Theory of Leadership

A theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, emphasizing the need to adapt leadership style to the situation.

Leadership Style

Leadership style is the manner and approach of providing direction, implementing plans, and motivating people; it can vary from autocratic to democratic or laissez-faire.