Zack Was a Partner in a Management Consulting Firm That

question 56

Multiple Choice

Zack was a partner in a management consulting firm that specialized in assisting small businesses in the area of financial planning.The firm did not perform income tax savings.However,since Zack had personal expertise in tax accounting,he frequently assisted friends,as well as some firm clients,in preparing their income tax returns.Usually he borrowed the firm's adding machine and other office supplied to perform this work from his home unbeknownst to his partners.Zack may be required to

• A)retire from the partnership for breach of warranty of authority.
• B)account to the other partners for any money received from his income tax service.
• C)assign his share in the partnership to another to take his place in the partnership.
• D)All of the responses are possible
• E)None of the responses are possible.

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Definitions:

High-Pitched

Describes a tone that is very sharp or has a very high frequency.

Frequency Theory

In hearing, the theory that the rate of nerve impulses traveling up the auditory nerve matches the frequency of a tone, thus enabling us to sense its pitch. (Also called temporal theory.)

Place Theory

A theory explaining how sound frequency is encoded in the cochlea of the inner ear, suggesting that specific places along the basilar membrane respond to specific frequencies.

High-Frequency

Relating to or denoting a band of the electromagnetic spectrum or sound above the range of normal human hearing.