James's partnership agreement with two other men was a bit unsound. One of the problems the men were encountering was uneven productivity among the partners. The agreement required each partner to contribute to every aspect of the business to receive an equal portion of the profits. This agreement did not reflect the idea that:

Question

Business

Thompson

28 December, 05:41

James's partnership agreement with two other men was a bit unsound. One of the problems the men were encountering was uneven productivity among the partners. The agreement required each partner to contribute to every aspect of the business to receive an equal portion of the profits. This agreement did not reflect the idea that:

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Answers (1)

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Kamren Andersen · Answer 1

All partners need not be equal.

Explanation:

The reason is that all the partners might have different roles and responsibility and are solely responsible for their assigned roles. Some of these partners might opt to not work for the organization and only have the share of profit which means they are not actively involved in business activities. So it would depend upon the experience and knowledge of individual persons.