Which of the Following Is NOT an Advantage of a General

question 13

Multiple Choice

Which of the following is NOT an advantage of a general partnership?

• A) Business losses can be deducted against the partners' other sources of income.
• B) The skills and abilities of more than one individual are available to the firm.
• C) The liquidity of each partner's investment is low.
• D) Creating one is relatively easy and inexpensive compared to a C corporation or limited liability company.
• E) It is not subject to double taxation.

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Definitions:

Primary Drives

are innate biological needs (e.g., hunger, thirst, sleep) that motivate behavior essential for survival.

Hunger

A physiological state that motivates an organism to seek food for energy.

Thirst

The basic physiological sensation of needing to drink fluids, triggered by the body's need for water to maintain balance and function.

Homeostasis

The tendency of an organism to regulate internal conditions to maintain health and functioning, regardless of outside conditions.