Which of the Following Decisions Must Be Approved by All

question 44

Multiple Choice

Which of the following decisions must be approved by all the partners of a partnership business that provides accounting and auditing services?

• A)Buying paper supplies for the partnership.
• B)Making a contract to provide audit services.
• C)Borrowing money to repay a partnership debt.
• D)Hiring a secretary.

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Definitions:

Marginal Cost

The hike in cost associated with the creation of an additional unit of a product or service.

MUₐ /Pₐ

Represents the ratio of the marginal utility (MU) of a good to its price (P), indicating the additional satisfaction per unit of currency spent on that good.

Product B

A general term used to refer to a second product or an alternative in a list or comparison of goods.