Assume that the football team is set up as limited partnership. lenny is the only general partner and sarah and sam are the only limited partners. who would make the decision about whether or not to fire the quarterback?

The only person who can decide whether or not to fire a quarter back is LENNY. This is because, he is the only general partner. A general partner in a partnership enterprise is the partner who controls the day to day activities of the company.

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avantikar avantikar · Answer 2 · 2019-10-11T14:47:22+02:00

Lenny would decide whether or not the fire the quarterback. The football team is set up as a limited partnership. Lenny is the only general partner and Sarah and Sam are the only limited partners.

Further Explanation:

Limited partnership:

A limited partnership refers to a partnership in which two types of members are involved. One is a general member, and the other is a limited member. General members are those members who have no limit on liability and have full control over the affairs of the management. Limited members are those members who have limited liability and have no control over the affairs of the management. Liability means if the company suffers from a loss, the member is liable to pay the debts. In the case of a general member, he is liable to pay all the debts. In the case of a limited member, he is liable to pay only a certain amount, which is specified in the agreement.

In this situation, Lenny is the only general partner who has unlimited liability and has full control over the affairs of the management. Sarah and Sam are the limited who have limited liability and have no control over the affairs of the management.

Therefore, Lenny is the only person who would make a decision about whether or not to fire the quarterback.

Learn more:

1. Learn more about a position in the organization

https://brainly.com/question/6449808

2. Learn more about resource management

https://brainly.com/question/10700933

3. Learn more about a partnership

https://brainly.com/question/1603188

Answer details:

Grade: Middle School

Subject: Business

Chapter: Limited Partnership

Keywords: assume, football team, is set up, limited partnership, Lenny, only general partner, Sarah and sam, limited partners, would make, decision, whether or not to, fire, quarterback, control over, limited liability.