One of the Advantages of a Partnership Is

question 258

Multiple Choice

One of the advantages of a partnership is:

• A)limited liability.
• B)the salaries of the partners can be written off as an expense.
• C)ease of formation.
• D)income tax is paid by the business.

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Definitions:

Quid Pro Quo

A reciprocal exchange where something is given in return for something else.

Anti-Humanistic View

A perspective that criticizes or rejects the principles of humanism, which emphasizes the value and agency of human beings, individually and collectively.

Customer Service

The support and assistance provided by a company to those people who buy or use its products or services.

Employee Satisfaction

The level of contentment and positive feelings employees have towards their job and workplace environment.