Goals Should Be General,intangible,and Compatible with Goals Formulated at Higher

question 54

True/False

Goals should be general,intangible,and compatible with goals formulated at higher levels of the organization.

---

Definitions:

Partnership Agreement

A legal document that outlines the rights, responsibilities, and other operational details among partners in a business venture.

Minor Partner

A partner in a business who has not reached the age of majority, limiting their legal capacity and liabilities within the partnership.

UPA

Acronym for Uniform Partnership Act, which is legislation aimed at governing the operation and management of partnerships in the United States.

Fiduciary Duty

A duty under the law for one entity to prioritize the welfare of another when managing their money or assets.