Which of the Following Are Disadvantages of the Partnership Form

question 255

Multiple Choice

Which of the following are disadvantages of the partnership form of ownership?

• A) Personal liability and double taxation.
• B) Personal liability and limited firm life.
• C) Double taxation and limited firm life.
• D) Ease of formation and unlimited firm life.
• E) Ease of formation and ease of ownership transfer.

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Definitions:

Fibroids

benign tumors of the uterus composed of muscle and fibrous tissue, which can cause heavy menstrual bleeding and pain.

Benign Uterine

typically refers to non-cancerous conditions affecting the uterus, such as fibroids.

Cystocele

A condition in which the wall between a woman's bladder and her vagina weakens and allows the bladder to droop into the vagina.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted through urination.