A Disadvantage of General Partnerships Is

question 102

Multiple Choice

A disadvantage of general partnerships is:

• A)double taxation of distributed profits.
• B)the partnership's assets are commingled with each partner's personal assets.
• C)only individuals can be partners.
• D)each partner may conduct business in the name of the entity and make agreements that legally bind all partners.

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Definitions:

Angles

A measure of the turn between two lines meeting at a point, usually measured in degrees or radians.

Augmented Matrix

In linear algebra, an augmented matrix is obtained by appending the columns of two or more matrices, typically for the purpose of performing the same elementary row operations on each matrix.

Order

In mathematics, the arrangement or sequence of objects or numbers according to a specific rule, or the degree of a polynomial or differential equation.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns, used in solving systems of linear equations and other mathematical operations.