Which One of the Following Is Not a Characteristic of a Partnership

question 4

Multiple Choice

Which one of the following is not a characteristic of a partnership?

• A)Co-ownership of property
• B)Mutual agency
• C)Unlimited life
• D)Unlimited liability

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Definitions:

Sales and Profits

Relates to the revenue generated from goods or services sold by a business and the financial gain remaining after all expenses have been deducted.

Diffusion of Innovation

The process by which a new idea, product, or practice spreads within a society or from one society to another.

Consumers

People or entities buying products and services for their own personal consumption or use.

Marketers

Experts engaged in the tasks related to the marketing, selling, and distribution of a product or service.