Colorado Nursing Home Administrators (NHA) Practice Exam

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Prepare for the Colorado Nursing Home Administrators Exam with confidence. Engage with a variety of quiz questions designed to enhance your knowledge and skills for the exam. Hone your abilities and get ready for success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What event is NOT considered a change of ownership for a partnership?

Addition of a new partner
Transfer of less than 50% ownership
Dissolution of partnership only
Transfer of 50% ownership to new owners

The correct answer is: Addition of a new partner

One event that is NOT considered a change of ownership for a partnership is the addition of a new partner. This is because adding a new partner does not change the ownership percentages or structure of the existing partners. Option B is also incorrect because even though the ownership percentage being transferred is less than 50%, it is still considered a change of ownership. Option C is also incorrect because the dissolution of a partnership can result in a change of ownership, as the partners may choose to divide their shares and leave the partnership. Option D is incorrect because transferring 50% ownership to new owners is considered a change of ownership, as it results in a new majority ownership in the partnership.