The Statement Concerning Drawings by Partners in a Partnership That

question 12

Multiple Choice

The statement concerning drawings by partners in a partnership that is true is:

• A)Interest is charged on drawings if the partnership agreement is silent on the matter
• B)Charging interest on drawings acts as an incentive to partners to withdraw money from the partnership
• C)Drawings are generally regarded as withdrawals of future profits
• D)Drawings are taken into account when calculating the final distribution of profit between the partners

---

Definitions:

Nativists

Philosophers or scientists who argue that certain skills or abilities are "native" or hard-wired into the brain at birth, contrasting with those who believe in the primacy of the environment (empiricists).

Cognitive Abilities

Refer to the mental skills that enable learning, problem-solving, memory, and attention.

Prewired Abilities

Innate capacities or functions that are present and operational at birth.

Dishabituation

The revival of attention to a stimulus following the presentation of a new or different stimulus, after habituation has occurred.