In a Liquidation,the Liabilities of the Partnership Should Be Paid

question 98

Multiple Choice

In a liquidation,the liabilities of the partnership should be paid

• A)after a revaluation of assets
• B)before any sales of assets
• C)before the distribution of cash to partners
• D)before the distribution of gains and losses on the disposal of assets

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Definitions:

Esteem Needs

According to Abraham Maslow's hierarchy of needs, these are the fourth level of human needs, involving respect, self-esteem, status, recognition, and strength.

Definition of Motivation

The psychological process that gives behavior purpose and direction, often seen as why individuals choose to engage in certain actions.

Organizational Objectives

The specific aims or goals that an organization seeks to achieve, which guide its operational and strategic planning.

Frederick Herzberg

A psychologist best known for developing the Motivator-Hygiene Theory, which distinguishes between factors that create job satisfaction and those that prevent dissatisfaction.