For a Business Organized as a General Partnership,which Statement Is

question 8

Multiple Choice

For a business organized as a general partnership,which statement is true?

• A)The owners and the business are separate legal entities.
• B)Each partner is potentially responsible for the debts of the business.
• C)Formation of a partnership requires getting a charter from the state of incorporation.
• D)A partnership is not considered to be a separate accounting entity.

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Definitions:

Specific Epithet

The second part of the name of a species; designates a specific species belonging to that genus.

Linnaean System

A classification system for living organisms introduced by Carl Linnaeus, organizing species based on shared characteristics into a hierarchical framework.

Nomenclature

A system of names or terms, or the rules for forming these terms in a particular field of arts or sciences.

Zea Mays

A plant species known as maize or corn, widely cultivated as a food crop for humans, livestock, and as a biofuel source.