In Order to Avoid Later Disputes It Is Desirable That

question 41

Multiple Choice

In order to avoid later disputes it is desirable that a partnership agreement:

• A)Is in writing
• B)Should have the partners sharing profits and losses equally
• C)Should set up the partnership as a separate legal entity
• D)Should set out in detail how the how all likely transactions are to be recorded.

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Definitions:

Displacement

In psychology, the redirection of emotions or reactions from the original source to another target; in physics, the change in position of an object.

Negativism

A tendency to be overly critical, pessimistic, or resistant to suggestions and positive changes, often leading to a counterproductive environment.

Cross-Functional Teams

Groups composed of members from different departments or areas of expertise, working together towards a common goal.

Organizational Conflict

The disagreement or discord that arises within an organization, typically due to differing interests, beliefs, or goals among its members.