Which of the Following Is a Type of Partnership That

question 84

Multiple Choice

Which of the following is a type of partnership that does not specify the objective or duration of the partnership?

• A) A partnership at will
• B) A partnership at sufferance
• C) An indeterminate partnership
• D) A temporary partnership
• E) None of these. A partnership cannot exist unless either the objective or duration is stated.

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Definitions:

Passive Management

A leadership approach characterized by minimal intervention or decision-making, often leading to a lack of direction or support for team members.

Abdicating Responsibilities

The act of refusing to fulfill or discharging one's duties or responsibilities.

Standards

Standards are established guidelines or specifications designed to ensure products, services, and processes are consistent, reliable, and fit for their intended purpose.

Corrective Action

Measures taken to identify and rectify a problem or deviation from a set standard or expectation.