Which of the Following Statements About Partnerships Is Most Accurate

question 257

Multiple Choice

Which of the following statements about partnerships is most accurate?

• A) A partnership is a corporation with fewer than 100 owners.
• B) A major advantage of a partnership is that it offers all owners limited liability.
• C) A major drawback of a partnership is that it is difficult to terminate.
• D) Partnerships are taxed at the lowest corporate tax rate.

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Definitions:

Schools

Educational institutions at which instruction is given in a variety of subjects.

Parents

Individuals who have conceived or adopted a child, playing significant roles in the child's biological, emotional, and social development.

Motivate Students

The process of inspiring, encouraging, and fostering an environment that supports learning and engagement among students.

Classroom

A room or space, often within a school, where teaching and learning activities are conducted under the guidance of a teacher or instructor.