Partnerships Differ from Sole Proprietorships Because Partnerships

question 122

Multiple Choice

Partnerships differ from sole proprietorships because partnerships

• A)generate fewer profits than do sole proprietorships.
• B)are characterized by unlimited liability and sole proprietorships are not.
• C)consist of two or more partners sharing the responsibilities of the firm and sole proprietorships do not.
• D)require a written agreement and sole proprietorships do not.
• E)require a state charter and sole proprietorships do not.

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Definitions:

Infant Amnesia

The phenomenon where adults are unable to recall personal memories from the early years of their life, typically before the age of three or four.

Procedural Memory

A type of long-term memory involved in the learning and execution of motor skills and habits.

Declarative Memories

A type of long-term memory that involves the recall of specific facts and events that can be verbally expressed, such as names, dates, and places.

Procedural Memory

Procedural memory involves the part of the long-term memory responsible for knowing how to do things, storing information on how to perform certain tasks.