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Question
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 firms 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 businesss 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.
Answer
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