Which of the Following Is an Advantage of General Partnerships

question 40

Multiple Choice

Which of the following is an advantage of general partnerships?

• A) Partners capitalize on complementary skills.
• B) All partners have limited liability.
• C) A partner's investment stays with the company even when he or she withdraws.
• D) Partnerships have negligible scope for disagreements.

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Definitions:

GDP Deflator

An indicator of the price levels for all newly produced domestic final goods and services within an economy, utilized for transforming nominal GDP into real GDP.

Inflation

A universal surge in prices and a dip in the value of monetary assets.

Real GDP

The measure of a country's economic output adjusted for price changes or inflation.

Value Added

The increase in the value of a product or service as a result of a particular process, excluding the costs of raw materials and energy.