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Which of the following is true of the management of a general partnership? The number of votes a general partner has depends on the proportion
Which of the following is true of the management of a general partnership?
The number of votes a general partner has depends on the proportion of his or her capital investment.
Partnership matters are decided by unanimous agreement only.
Only a general partner who is also a member of the partnership's board of directors has the authority to participate in the management of the partnership.
If the vote is tied, the action being voted on is considered to be defeated.
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