A General Partnership Has Advantages Which Are Similar to a Sole

question 106

Multiple Choice

A general partnership has advantages which are similar to a sole proprietorship, such as

• A) easy to transfer ownership.
• B) limiting owner's liability.
• C) being simple to organize.
• D) providing for continuity.
• E) being dependent upon resources of an individual.

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Definitions:

Fraternal Twins

Twins who are born at the same time but develop from two different eggs fertilized by two different sperm, sharing about 50% of their DNA, similar to typical siblings.

Identical Twins

A pair of twins that developed from a single fertilized egg, sharing exactly the same genetic material.

Impoverished Environments

Environments lacking in physical, emotional, or social resources, which can negatively impact development and well-being.

Intervention Programs

Structured programs designed to address specific issues, such as substance abuse or learning difficulties, typically aiming to bring about positive change in individuals or groups.