Which of the Following Is a Disadvantage of a Partnership

question 59

Multiple Choice

Which of the following is a disadvantage of a partnership?

• A)Difficulty of selling the partnership interest
• B)Difficulty of forming the business
• C)Limited liability faced by the partners
• D)Insufficient capital and credit
• E)Stringent government regulations

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Definitions:

Allegra Allergy Medication

A brand of antihistamine used to treat symptoms of allergies, such as sneezing, itchy and runny nose, and itchy throat or eyes.

Premium

An amount paid in addition to a standard price, often for a service or product considered to be of higher quality or with added features.

Personality

An individual’s characteristic patterns of thought, emotion, and behavior, together with the psychological mechanisms behind those patterns.

Characteristic Patterns

Recurring behaviors or attributes that are typical of a person, group, or process.