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Home Q & A Board Other Fields Homework Help Business Management
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burish burish
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6 years ago
A partnership agreement defines how the partners will be compensated.  Normally,
A) partners are not entitled to salaries or wages, but are compensated by a share of the profits of the business.
B) the general partner's salary is set at two times the salaries of the limited partners.
C) both general and limited partners are permitted salaries, but all silent or dormant partners are compensated only by sharing in the profits.
D) while the agreement establishes payout schedules, it does not spell out what constitutes profit.
Textbook 
Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management


Edition: 6th
Author:
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MualoMualo
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6 years ago
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burish Author
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6 years ago
Thanks
SupremeDJ
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Yesterday
Thanks for your help!!
choih94
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2 hours ago
Good timing, thanks!
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