Ernesto,Juan,and Jesus have been friends since elementary school.After graduating from college with degrees in accounting,they started a partnership for the purpose of providing tax preparation,accounting,and auditing services to the public.Before the end of the first year,the partners had a disagreement regarding the division of labor,the size of accounts they should seek,and whether to provide certified audits or reviewed statements only.Which of the following best represents the problem they are experiencing?
A) Lack of continuity
B) Combined business skills and knowledge
C) Unlimited liability
D) Management disagreements

Question

Quizplus · Accepted Answer

The partners are experiencing management disagreements, as they cannot agree on important aspects of running their business.

Ernesto,Juan,and Jesus Have Been Friends Since Elementary School