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    Theories Partnership

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    Jasmine Acta
    This document contains a 10-question true/false summative test on partnerships. Most answers were true, except questions 5, 8, and 9 which were false. It also includes a learning activity with additional true/false questions and explanations about partnerships, including that there is no maximum number of partners and partnerships allow flexibility in decision making.

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    © All Rights Reserved
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    Theories Partnership

    Uploaded by

    Jasmine Acta
    30 views1 page
    This document contains a 10-question true/false summative test on partnerships. Most answers were true, except questions 5, 8, and 9 which were false. It also includes a learning activity with additional true/false questions and explanations about partnerships, including that there is no maximum number of partners and partnerships allow flexibility in decision making.

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    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    This document contains a 10-question true/false summative test on partnerships. Most answers were true, except questions 5, 8, and 9 which were false. It also includes a learning activity with additional true/false questions and explanations about partnerships, including that there is no maximum number of partners and partnerships allow flexibility in decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views1 page

    Theories Partnership

    Uploaded by

    Jasmine Acta
    This document contains a 10-question true/false summative test on partnerships. Most answers were true, except questions 5, 8, and 9 which were false. It also includes a learning activity with additional true/false questions and explanations about partnerships, including that there is no maximum number of partners and partnerships allow flexibility in decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    SUMMATIVE TEST

    TEST I:

    1. True
    2. True
    3. True
    4. True
    5. False
    6. False
    7. True
    8. False
    9. False (depende kung yung books ni sole proprietor ang ginamit ng partnership, kapag ginamit
    false ang sagot, kapag hindi, true)
    10. False

    Learning Activity

    A. 1. Yes, they can. In the Artcile 1767 of the Civil Code of the Philippines, partnership is
    defined as "a contract whereby two or more persons bind themselves to contribute
    money, property or industry into a common fund with the intention of dividing
    profits among themselves". A partnership must have a minimum of 2 person,
    however, there is no maximum limit to the number of partners that can be in a
    partnership.

    2. In terms of flexibility, of action in decision making we can claim that forming, managing, and
    running a partnership is often easier. Due to the fact that partners have the exclusive say in how
    the firm is operated, they are significantly more flexible in terms of management, as long as all
    the partners can agree on the terms of the agreement before the business is formed. On the
    other hand, business partners enter into an agreement known as mutual agency, which provides
    them the ability to act on behalf of their company. A business agent is a person who has the
    authority to act on behalf of a company.

    B.
    1. False
    2. True
    3. True
    4. True
    5. True
    6. False
    7. True
    8. True
    9. False
    10. True

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