Which of the Following Statements Is CORRECT

question 22

Multiple Choice

Which of the following statements is CORRECT?

• A) In a typical partnership,liability for other partners' misdeeds is limited to the amount of a particular partner's investment in the business.
• B) In a limited partnership,the limited partners have voting control,while the general partner has operating control over the business,and the limited partners are individually responsible,on a pro rata basis,for the firm's debts in the event of bankruptcy.
• C) A slow-growth company,with little need for new capital,would be more likely to organize as a corporation than would a faster growing company.
• D) Partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability,the need to reorganize when a partner dies,and the illiquidity (difficulty buying and selling)of partnership interests.
• E) A major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself.

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Definitions:

Dismissive Avoidant

An avoidant attachment style characterized by a negative view of others but a positive view of the self, high anxiety and avoidance, and distant relationships.

Fearfully Avoidant

Describes an attachment style where individuals are both scared of being too close to or too distant from others, often resulting in ambivalent feelings in relationships.

Anxious-Ambivalent

A type of attachment characterized by high levels of anxiety and ambivalence towards attachment figures, leading to intense but insecure emotional bonds.

Securely Attached

Describes individuals who have developed a stable and healthy emotional bond with their caregivers, often leading to positive relationships in adulthood.