Which of the Following Is a Disadvantage of Partnership Firms

question 167

Multiple Choice

Which of the following is a disadvantage of partnership firms?

• A) They cannot be dissolved without the permission of the SEC.
• B) They are taxed at multiple levels: corporate level and individual level.
• C) They have more difficulty in raising capital as compared to a sole proprietorship.
• D) They have mutual agency which creates personal obligations for each partner.

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Definitions:

Nutrition Counselors

Professionals specialized in providing advice and guidance on diet and nutrition to promote health and wellbeing.

Counseling Intents

The purposes or objectives behind providing counseling services, aimed at achieving specific emotional, mental, or behavioral outcomes.

Nutrition Counselors

Professionals specialized in advising individuals on dietary practices and nutritional intake for improving health or managing specific conditions.

Communication Roadblocks

Obstacles that hinder effective exchange of ideas or information, including physical, psychological, or emotional barriers.