Which of the Following Is True of the Management of a General

question 77

Multiple Choice

Which of the following is true of the management of a general partnership?

• A) The number of votes a general partner has depends on the proportion of his or her capital investment.
• B) Partnership matters are decided by unanimous agreement only.
• C) Only general partners in the board of directors have the authority to participate in the management.
• D) If the vote is tied, the action being voted on is considered to be defeated.

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Definitions:

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