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Question : The relationship of partner with the firm is that of:
Option 1: An owner
Option 2: An agent
Option 3: An owner and an agent
Option 4: Manager

Team Careers360 17th Jan, 2024

Answer (1)

Team Careers360 20th Jan, 2024

Correct Answer: An agent

Solution : Partners and a firm have the same relationship as an owner and an agency. A partnership is an arrangement wherein two individuals split the company's gains and losses. Partners manage the company as owners while serving as its agents. They act as agents for the company, rendering solid choices.
Hence, the correct option is 2.

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