When a Partner Is Added to a Partnership

question 53

Multiple Choice

When a partner is added to a partnership:

• A) The previous partnership ends.
• B) The underlying business operations end.
• C) The underlying business operations must close and then re-open.
• D) The partnership must continue.
• E) The partnership equity always increases.

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Definitions:

International Operations

Business activities that are conducted across national borders.

Foreign Country

A nation or territory outside one's own country, subject to a different legal and cultural system.

Parasitoid Wasps

Insects that lay their eggs in or on the bodies of other insects; the larvae then feed on the host, typically leading to its death.

Cryptic Skipper

A term that could refer to a butterfly species within the family Hesperiidae, characterized by their secretive nature and fast, skipping flight patterns.