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zalisa [80]
4 years ago
7

In a general partnership: no partner can be held legally responsible for decisions since the partnership itself is a legal entit

y. each partner is held responsible for an agreement/decision made by any one of the partners. partners can be held responsible only for decisions they make personally. no decision is binding unless all partners agree to it in writing.
Business
1 answer:
djyliett [7]4 years ago
7 0

Answer:

Each partner is held responsible for an agreement/decision made by any one of the partner.

Explanation:

Partnership can be defined as a business agreement between two or more individuals. This individuals share ownership of the business and as such are responsible for managing the activities of the company. The profit gotten from the company are shared among the business partners.

General partnership is a form of partnership in which all the partners involved contribute significantly to the daily activities of the organization.

General partnership is very easy to establish and it does not require any form of taxes on profits generated from the business.

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The main objective of enterprise systems is to create competitive advantage by streamlining business activities within and outsi
Romashka [77]

Answer:

True

Explanation:

Enterprise system, which is also referred to Enterprise resource planning (ERP)  refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.

Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.

Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.

Effective application of such a system ensures competitive advantage to an enterprise.

6 0
3 years ago
Scenario C. Victor, the president of Tortoise Bay Pharmaceuticals Inc., sends a memo to his vice presidents regarding new proced
marusya05 [52]

Answer:

Tortoise Bay Pharmaceuticals Inc.

The original memo sent by the president of the company is an example of

downward communication.

Explanation:

Whereas upward communication flows from the lower levels of an organization to higher ranks, with downward communication, information flows from one top level to a lower level in the organization's hierarchy. For example, the original memo sent by the CEO of Tortoise Bay Pharmaceuticals Inc. to his vice presidents is a downward communication. The memos that provide employees' feedback (an efficient communication feature) to the vice presidents and the CEO about the new procedures are examples of upward communication.

3 0
3 years ago
An accountant has debited an asset account for $1,300 and credited a liability account for $500. Which of the following would be
Genrish500 [490]

Answer:

D. Debit a Stockholders' account for $800

Explanation:

In this question we use the accounting equation i.e shown below:

Total assets = Total liabilities + Total stockholder equity

where,

Debited Total assets = $1,300

Credited Total liabilities = $500

So, the total stockholder equity is

= $1,300 - $500

= $800

So, the incorrect way is to debit a stockholder equity for $800

6 0
4 years ago
Organizations are increasingly using teams for many reasons. The difference between a good team and an outstanding team has been
leonid [27]

Answer:

the way team members treat each other

Explanation:

The main difference between such teams is the way team members treat each other. This is because the most outstanding teams treat each other as friends, this allows each member to want to motivate one another towards their best self. Overall this provides increased work efficiency and innovative results from these teams as opposed to groups that treat each other only as professional colleagues and want to overshadow one another in order to further their own careers.

4 0
3 years ago
Technology influences the inner workings of a free-market
Genrish500 [490]
True hope this is correct

5 0
3 years ago
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