Which One of the Following Statements About General Partnerships Is

question 42

Multiple Choice

Which one of the following statements about general partnerships is false?

• A)A general partner can limit his liability for the firm's obligations by using the term "limited" after his name on stationery.
• B)Each partner has unlimited personal liability for the debts of the partnership.
• C)The Partnership Act can imply contractual terms into a partnership where the partners did not expressly agree on some detail of the relationship.
• D)Partnership is the relationship that exists between persons carrying on business together with a view to making a profit.
• E)A partnership can exist even without a written partnership agreement.

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Definitions:

Self-Managed Operational Team

A group of employees responsible for controlling and managing their work processes and tasks without direct supervision.

Self-Managed Teams

Teams that operate with a high degree of autonomy, with members collectively making decisions and managing work processes without direct supervision.

Organizational Commitment

The level of attachment and loyalty an individual has towards their organization, often influencing their willingness to remain in the organization and exert high levels of effort.

Productivity

The measure of efficiency in producing goods or services, often evaluated as the output per unit of input.