The control function of management includes taking corrective action. This allows \The control function of management includes taking corrective action. The idea is for managers to intervene before costly or damaging problems occur, rather than waiting and hoping for the best. This allows management to be:

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c