Deb and Eve are partners in Foundations, a construction outfit. Deb manages the business. For this service, unless the partnership agreement states otherwise, she is entitled to pay in proportion to her
A)effect on the business.
B)effort.
C)capital contribution.
D)none of the choices.

Question

Quizplus · Accepted Answer

In a partnership, unless the partnership agreement specifies otherwise, partners are not entitled to pay for managing the business; they share profits and losses. Management duties are part of the roles and responsibilities of being a partner, not typically compensated separately.

Deb and Eve Are Partners in Foundations, a Construction Outfit