Which of the following statements is true of managerial control in a general partnership?
A) It is mandatory for each partner to have equal voice in a firm's affairs.
B) Partners may agree to divide control in such a way as to make controlling partners and minority partners.
C) The differences in the degree of control do not affect a business's success.
D) The possibility of deadlock is higher when there is a greater number of partners and an odd number of them.
E) Language governing issues of managerial control need to be made orally clear to all partners.

Question

Quizplus · Accepted Answer

In a general partnership, unless the agreement provides to the contrary, each partner has an equal voice in the firm's affairs. Partners may agree to divide control in such a way as to make controlling partners and minority partners. The decision of who has what voice in management is of crucial importance to the chances of the business's success and to the welfare of the partners' relationship with each other

Which of the Following Statements Is True of Managerial Control