Which Statement Is TRUE About Partnerships

question 140

Multiple Choice

Which statement is TRUE about partnerships?

• A)A partnership is a taxpaying entity.
• B)General partnerships have mutual agency and limited liability.
• C)Individuals,corporations,partnerships,or other types of entities can be partners.
• D)A written partnership contract must exist.

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Definitions:

Oxygen Tank

A storage vessel for oxygen, used in medical settings to deliver oxygen therapy to patients requiring respiratory support.

Venturi Mask

A medical device that delivers a known oxygen concentration to patients on controlled oxygen therapy.

Simple Face Mask

A basic type of facial mask used to deliver a fixed concentration of oxygen to the patient, typically featuring a lightweight design and adjustable straps.

Oxymizer

A device that increases the efficiency of oxygen delivery from a supply system to the patient, often used in chronic lung conditions.