The Three Key Elements of Any Partnership Are

question 100

Multiple Choice

The three key elements of any partnership are:

• A)common ownership in the business,sharing the business' profits or losses,and the right to participate in managing the business.
• B)equal ownership in the business,sharing its profits and losses,and the right to participate in managing the business.
• C)equal ownership in the business,sharing its profits and losses,and the right to limited liability for all partners.
• D)common ownership in the business,sharing its profits and losses,and the right to limited liability for all partners.

---

Definitions:

Advancement

Progress or development towards achieving a goal, often referring to professional or technological progress.

Griggs v. Duke Power Company

A reaffirmation of the Supreme Court case that set a legal precedent for employment equity, requiring job requirements to be necessary for the actual work.

Tests

A subset of assessment techniques that yields scores based on the gathering of collected data.

Ethical Codes

Formal documents containing guidelines designed to help professionals conduct their business with integrity and according to certain moral standards.