BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following may NOT be included in a partnership agreement?
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The contributions from different partners
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How major decisions are made
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How workers are hired and trained
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How the partnership may be ended
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Explanation:
Detailed explanation-1: -The partnership agreement does not include one of the following: Language relating to the formation, ongoing operation, and ultimate dissolution of the partnership.
Detailed explanation-2: -Interest on Bank’s loan is not a content of partnership.
Detailed explanation-3: -Being in a partnership firm provides a few rights being right to take part in business, right to access books of account, right to share profits, right to retire etc. But right to receive remuneration is not amongst the rights of the partners.
There is 1 question to complete.