Solution-Explain the reputation of the business

Explain the reputation of the business

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Reference no: EM133071484

Some businesses including law and accounting firms are structured as partnerships where the reputation of the business is important and partners all share the liability of the business. Employees in their first few years are working arguably for below market wages as they 'earn' their right to become a lawyer or accountant. Recently at a dinner party a friend says, "The low wages paid to employees in law and accounting firms is how the partners make so much money and there should be an investigation into the artificially low wages as I think this is not fair."

Do you agree with the statement? Ensure you examine both sides before you conclude.

Reference no: EM133071484

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Explain the reputation of the business

Reference no: EM133071484

Reference no: EM133071484

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