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Management Studies

1. Which of the following is NOT a distinguishing characteristic of a partnership?

A. A partnership is a voluntary, consensual relationship.

B. The partners are associated as co-owners to trans- act the business of the firm for profit.

C. A partnership a form of business ownership in which one individual owns the business.

D. A partnership involves partners’ contributions of capital, services, or a combination of these.

2. Duties of partners include:

A. Loyalty and good faith ? B. Obedience ? C. Reasonable care ? D. Information sharing and accounting of the financial status of the partnership ? E. All of the above

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92599853

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