Compared to a Sole Proprietorship, Which of the Following Is

question 275

Multiple Choice

Compared to a sole proprietorship, which of the following is considered an advantage of a general partnership?

• A)ability to pool financial resources
• B) unlimited liability for all owners
• C) division of profits among owners
• D)ease and flexibility in transferring shares of ownership to others

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Definitions:

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, language, problem solving, and other areas of human cognitive function.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Humanistic Perspective

A psychological approach emphasizing personal growth, self-actualization, and the inherent goodness of people, focusing on the individual's potential and stressing the importance of self-awareness and personal choice.