Which of the following decisions must be approved by all the partners of a partnership business that provides accounting and auditing services?
A)Buying paper supplies for the partnership.
B)Making a contract to provide audit services.
C)Borrowing money to repay a partnership debt.
D)Hiring a secretary.

Question

Quizplus · Accepted Answer

Some partnership actions are so important that one partner should not be able to do them by himself.For example,a decision to build a new executive office complex must be approved by all partners.Similarly,the decision of a small accounting partnership in Sacramento to open a second office in San Jose would require unanimity.

Which of the Following Decisions Must Be Approved by All