Which of the Following Statements Regarding Partnerships Is True

question 1

Multiple Choice

Which of the following statements regarding partnerships is true?

• A) Partners must contribute equal portions of capital to the partnership.
• B)It is possible that a minority partner will have significant influence over the partnership.
• C) A holding corporation cannot act as a partner.
• D) A general partnership is a protected legal entity, separate from the partners' affairs.

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Definitions:

Kanagawa

A prefecture located in Japan, known for the Great Wave off Kanagawa, a famous woodblock print by Hokusai.

Aesthetics

A branch of philosophy dealing with the nature of beauty, art, and taste, and the creation and appreciation of beauty.

Tea Ceremony

Tea Ceremony is a ritualistic practice in Japanese culture, involving the ceremonial preparation and presentation of matcha, a powdered green tea.

Teahouse

A place of relaxation and socialization where tea and sometimes light meals are served, often found in East Asian cultures.