Which of the Following Statements Is Correct Regarding the Admission

question 53

Multiple Choice

Which of the following statements is correct regarding the admission of a new partner?

• A) A new partner must purchase a partnership interest directly from the business.
• B) The right of co-ownership in the business property can be transferred to a new partner without the consent of other existing partners.
• C) The right to participate in management of the business can be conveyed without the consent of other existing partners.
• D) The right to share in profits and losses can be sold to a new partner without the consent of other existing partners.
• E) A new partner always pays book value.

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Definitions:

Central Tendency Error

The inaccurately concentrated rating of all employees towards the middle of a performance scale, avoiding the extremes of high and low evaluations.

Perceptual Error

A cognitive mistake that occurs when interpreting information about the environment, often leading to inaccuracies in judgment or understanding.

Supervisor

An individual in a position of authority who oversees and directs the work of other employees to ensure organizational goals are met.

Beauty Effect

A social phenomenon where individuals perceived as attractive are often given preferential treatment or are judged more favorably.