Question

Which of the following is generally not true of a business alliance?

a. Tax considerations are often the primary motivation for forming the alliance

b. The events triggering dissolution of the alliance are generally spelled out

c. Remaining partners have a right of first refusal if one partner chooses to exit the partnership

d. One partner is generally responsible for day-to-day operations

e. Allocation of profits and losses follow from the allocation of shares or partnership interests

Answer

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