Which of the Following Is NOT True About the Management

question 56

Multiple Choice

Which of the following is NOT true about the management powers of partners?

• A)A partner whose name is not on the signature card filed with the bank does not have apparent authority to issue checks.
• B)A partner's knowledge of material information relating to partnership affairs is imputed to the partnership.
• C)A partner has implied and apparent authority to indorse and cash checks drawn payable to the order of the partnership.
• D)A partner who has the authority to borrow money also has authority to issue negotiable instruments.

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Definitions:

Market Development

A growth strategy where a company seeks to sell its existing products into new markets.

Strategic Planning Process

A systematic approach to defining an organization's strategy or direction and allocating its resources towards the pursuit of this strategy.

University Administrators

Individuals who manage the operations and affairs of a university, including deans, vice-presidents, and provosts.

Part-time Instructors

Educators or teachers who are employed on a less-than-full-time basis, often bringing practical experience to academic or corporate training environments.