Which Statement Is True About Partnerships in the United States

question 61

Multiple Choice

Which statement is true about partnerships in the United States?

• A)about 10% of U.S.businesses are partnerships
• B)most partnerships are very large
• C)setting up a partnership is easier than setting up a sole proprietorship
• D)it is possible to form a partnership without the help of a lawyer or an accountan

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Definitions:

Financial Measures

Quantitative metrics used to assess the financial performance or financial health of a business or project.

Return on Investment (ROI)

Return on Investment measures the gain or loss generated on an investment relative to the amount of money invested.

Appraisal Costs

Costs associated with measuring, evaluating, or auditing products or services to ensure they meet quality standards and regulatory compliance.

Internal Failure Costs

Costs that are incurred as a result of identifying defective products before they are shipped to customers.