Which of the Following Does NOT Fall Within the Implied

question 14

Multiple Choice

Which of the following does NOT fall within the implied authority of a partner to bind the firm?

• A)Purchasing goods usually used by the firm.
• B)Receiving payments and giving receipts.
• C)Inviting others to join the partnership.
• D)Employing suitable staff.

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Definitions:

Consensus

A general agreement among various groups on fundamental matters; often used as a basis for decision making in a democratic society.

Modernity

A historical period or the quality of being modern, characterized by the transition from traditional to contemporary forms of society, economy, and culture, marked by technological innovations and changes in social norms.

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, as well as opposition to universalist notions.

Cultural Fragmentation

The process or state where a culture is divided into separate groups or parts, often leading to a loss of cohesion and unity.