GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A partnership agreement is a contract that defines the terms of a partnership, such as:(Select the FOUR that are correct)
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The contributions from different partners
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How major decisions are made
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How profit or loss is shared
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How the partnership may be ended
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Details of the business office decorations
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Explanation:
Detailed explanation-1: -Section4 DEFINITION OF “PARTNERSHIP", “PARTNER", “FIRM” AND “FIRM-NAME". “Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Detailed explanation-2: -General partnership. Limited partnership. Limited liability partnerships. Public private partnerships. Limited liability limited partnerships. 30-Sept-2022
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