A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.
<h3>What is
partnership?</h3>
Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.
- An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
- All partners in a general partnership corporation split the company's assets and debts equally.
- Lawyers and other professionals frequently create limited liability partnerships.
A partnership may have tax advantages over a corporation.
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Answer: The price of the tied good is $20.
Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.
In this case, the total willingness to pay of Carnivore is $20+$7=$27
While, that of Leafygreens is $8+$12=$20
Thus, the producer will sell the combined good at $20 as it this price both the consumers will buy the tied good. If the producer sells it at $27, then only the Carnivore will buy the good but Leafygreens will not.
Thus, with zero marginal cost of serving additional consumer it is better for the producer to sell at $20.
Answer:
$28
Explanation:
The computation of the total value that would be created in the exchange is shown below;
The Deltra surplus is
= Purchase value - agreed price
= $60 - $36
= $24
And, the Deirdre surplus is
= Agreed price - willing to sell
= $36 - $32
= $4
Now the total value created is
= Deltra surplus + Deirdre surplus
= $24 + $4
= $28
Job design involves dividing work among employees and applying motivational theories to increase employee satisfaction.
<h3>What is job design?</h3>
Job design is the act of setting employees' roles and responsibilities and procedures that employee should follow.
The main purpose of job design is to optimise work processes.
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The answer to this question is Transformational
leaders.
<span>Transformational leaders are leaders who inspire
their subordinates / followers by being a role model in order for the members
or followers to enhance their performance. Transformational leaders increase
the morale of the members by creating a vision for them to be guided and
inspire the members to do their best and be motivated always.</span>