According to the Uniform Partnership Act, the three key elements of any general partnership are:
A. two owners, an adequate financial base, and a written statement describing the manner in which profits and losses will be divided.
B. common ownership, shared profits and losses, and right to participate in management.
C. a board of directors, a written partnership agreement, and a well-defined product or service.
D. common stock, a board of directors, and a statement of limited liability.

Common ownership, shared profits, and losses, and right to participate in management.

Explanation:

Partnership can be defined as a type of business arrangement between two or more persons. These individuals participate in the management of the business and also share the profits.

General partnership can be defined as an agreement between two or more individuals to participate jointly in the day to day management of the organisation. General partnership are easy and less expensive to establish. The financial responsibility of the business is shared equally among the partners.

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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