the relationship of partners with the firm is
a) as a manager
b) as a servant
c) as an agent
d) as a monopolist
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the relationship of partners with the firm is
a) as a manager
b) as a servant
c) as an agent
d) as a monopolist
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Answer:
As an agent..............
The relationship of partners with the firm is
a) as a manager
b) as a servant
c) as an agent
d) as a monopolist
The correct answer is :
c) as an agent
Explanation :
In any firm, all the partners work as agents and owners of the firm. As an agent of the firm, they get all the rights of the firm which are necessary for their operation of the firm. All the partners of the company are both their agents and owners.
They can exercise all their rights for the proper conduct of the firm, in case of any default from them, they may also have to forfeit their rights. If a situation goes against them, they may even have to give up their rights.
The partners of any firm are not in the form of its manager, nor are they in the form of servants. Not all the partners of the firm are also monopolistic, as there is equal distribution of rights among all the partners.
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