Which of the Following Is an Advantage of a Partnership

question 89

Multiple Choice

Which of the following is an advantage of a partnership?

• A)Partnerships are less expensive to organize than corporations.
• B)The owners of a partnership are generally exempted from personal income taxes.
• C)The owners who contribute an asset to the partnership retain absolute claim on the asset.
• D)Partnerships have a higher cost of financial distress than those of a corporation.

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Definitions:

Presentation Medium

The tools or channels used to deliver a presentation or message, such as slides, video, or live speech.

Glial Cell

Non-neuronal cells in the central and peripheral nervous system that provide support and protection for neurons.

Nervous System

The complex network of nerves and cells that transmits signals between different parts of the body, enabling coordination, response to stimuli, and the control of bodily functions.

Astrocyte

A type of star-shaped glial cell in the brain and spinal cord, involved in biochemical support of endothelial cells that form the blood-brain barrier.