Which of the Following Are Disadvantages of a Partnership

question 20

Multiple Choice

Which of the following are disadvantages of a partnership?
I.limited life of the firm
II.personal liability for firm debt
III.greater ability to raise capital than a sole proprietorship
IV.lack of ability to transfer partnership interest

• A)I and II only.
• B)III and IV only.
• C)II and III only.
• D)I, II, and IV only.
• E)I, III, and IV only.

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Definitions:

Empirical Method

A way of gaining knowledge by means of direct observation or experience, relying on evidence that is observable and measurable.

Scale Construction

A method used in research for assigning numerical values to variables, allowing for quantitative analysis of traits, attitudes, and behaviors.

Spearman-Brown Formula

In psychometrics, a mathematical formula that predicts the degree to which the reliability of a test can be improved by adding more items.

Assessment Of Individual Differences

The process of evaluating the unique characteristics and variations among individuals, often in psychological contexts.