Which of the Following Is an Advantage of Forming a General

question 57

Multiple Choice

Which of the following is an advantage of forming a general partnership instead of a corporation?

• A)It is easier for partnerships to access the debt and equity markets.
• B)Partners have limited liability, where corporate shareholders do not.
• C)Partnerships are easier to set up than corporations.
• D)The partnership lives on, even when any of the partners have died.

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Definitions:

Public Sector

The portion of an economy that is controlled by national, state, or municipal governments.

Empowerment Program

Organizational initiatives designed to increase employees' feelings of self-worth, decision-making power, and effectiveness within the workplace.

Productivity Results

Quantitative outcomes measuring how effectively individuals or organizations convert inputs into outputs, typically in terms of efficiency and effectiveness.

Assembly Workers

Individuals who specialize in putting together components of products in manufacturing plants or factories.