In a Partnership, Profits (And Losses)must Be Shared According to the Ratio

question 30

True/False

In a partnership, profits (and losses)must be shared according to the ratio of capital originally invested in the partnership.

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Definitions:

Evidence-based Management

Making managerial decisions guided by the integration of the best available evidence from multiple sources to increase the likelihood of achieving desired outcomes.

Multiple Sources

Relying on or referring to various origins or points of information to ensure comprehensive understanding or analysis.

Explicit

Clearly defined or stated without any ambiguity or vagueness.

Conscientious

Displaying diligence, carefulness, and a strong sense of duty or responsibility.