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A manager's only obligation is to create an environment for creativity and critical thinking. The implementation of those ideas is carried out by other departments.
Partnership Capital
Collective ownership interests of all partners in a partnership, typically represented by their capital accounts.
New Partner
A term referring to an individual or entity that joins an existing partnership, bringing in new capital or skills to the business.
Bonus
Extra payment awarded to employees as an incentive or reward beyond their normal compensation.
Net Assets
The total assets of an entity minus its total liabilities.
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