One of the Features of a Partnership Is That

question 26

Multiple Choice

One of the features of a partnership is that:

• A)it must be set up by deed which is an expensive and complicated process.
• B)partners are liable personally for partnership debts.
• C)partners are not liable personally for partnership debts.
• D)the profit each partner receives is decided by the managing partner.

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Definitions:

Deepening of the Voice

A change that typically occurs during puberty, involving the lowering of vocal pitch, especially noted in males.

Four-Year Institution

An educational establishment that offers bachelor's degrees and typically requires four years of full-time study.

Public University

An institution of higher education and research which is supported by public funds and usually affiliated with a national or state government.

High-Stakes Testing

Evaluation methods where the results have significant consequences for the test-taker, such as standardized tests for college admission or professional certification.