Which of the Following Statements About Partnerships Is False

question 81

Multiple Choice

Which of the following statements about partnerships is false?

• A) A partnership is a legal entity that may enter into valid contracts.
• B) Partnerships are unincorporated entities.
• C) Only individuals may be partners in a partnership.
• D) Partnerships are sometimes referred to as passthrough entities since they do not pay federal income tax.

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Definitions:

Epigenetics

The study of how behaviors and environment can cause changes that affect the way genes work.

Stereotype Threat

The risk of confirming negative stereotypes about one's group, which can impact performance in a variety of settings.

Low Heritability

Low Heritability indicates that genetic factors contribute minimally to the variation in a trait or condition among individuals in a population, with environmental factors playing a larger role.

Cognition

The process of obtaining knowledge and insight by means of thinking, going through experiences, and the use of the senses.