General Partnerships Are Legally Formed by Filing a Partnership Agreement

question 31

True/False

General partnerships are legally formed by filing a partnership agreement with the state in which the partnership will be formed.
General partnerships may be formed by written agreement among the partners, called a partnership agreement, or may be formed informally without a written agreement when two or more owners join together in an activity to generate profits.

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Unknown Validity

A term indicating that the effectiveness, accuracy, or effect of something cannot be verified or confirmed.

Wide Distribution

The extensive spreading of something, such as a product, phenomenon, or piece of information, across a large area or amongst a large number of people.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.

Reliability

The degree to which an assessment tool produces stable and consistent results over repeated measures or uses.