Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.
Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.
Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.
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General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False
General partners do not have to obtain approval to run the business which means that this statement is FALSE.
In a Limited Partnership:
The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the companyThe general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.
In conclusion, this statement is false.
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