With respect to management decisions a majority of the partners must agree, irrespective of the size of each partner's interest in the partnership.
<h3>What is
partnership?</h3>
A partnership is an agreement in which two or more parties, known as business partners, agree to work together to advance their mutual interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.
A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.
The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.
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Answer:
(1) The more closely monetary policy can be designed to meet the particulars of a given economic environment, the better.
Explanation:
Monetary Policy is the instrument by which the Central Bank conducts the economy. The debate over monetary policy is basically divided into two groups. Monetarists who believe that monetary policy should be used only to maintain price stability - contain inflation. On the other hand, monetary policy activists argue that, in addition to containing inflation, monetary policy is a powerful instrument that can be used to influence the economy in other sectors, for example in stimulating job creation. This would make monetary policy an instrument designed to address particularities of the economic system.
Answer: Operational communication
Explanation: Operational communication is the core mechanism that is responsible for the on-time communication. This is based on the carrying out operations and tasks . This helps in the management of security , improving the awareness , guiding the task etc.
Usually internal operational communication is used in the organization for communicating and performing the tasks. It helps in maintaining the communication flow within a certain organization among all the departments.
The appropriate action would be: C. <span>Thank the taxpayer, and explain that you cannot accept any payment for your services.
Government workers couldn't receive cash payment in any kind unless there is a necessary administrative purpose.
They could on the other hand, receives Gifts that held the value less than $ 20</span>
Answer:
$ 480 000
Explanation:
Assets : $700 000(@ beginning of year )
$100 000 increase (during year )
700 000+100 000=$800 000(@end of year)
Liabilities : $400 000(@ begininng of year )
$80 000 decrease (@ during of year)
400 000-80 000=$320 000 (@end of year)
Asset = Equity + Liability
Amount of owner’s equity at the end of the year (let x = owners equity)
800 000= x + 320 000
x= 800 000 - 320 000=$480 000
