One Difference Between Partnerships and Sole Proprietorships Is That Partnerships

question 102

Multiple Choice

One difference between partnerships and sole proprietorships is that partnerships:

• A) take less work to form.
• B) are managed by an elected board of directors.
• C) have the advantage of limited liability.
• D) have a greater chance of long-term survival due to the accountability of each partner to the other.

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Definitions:

E2 Elimination

A bimolecular elimination reaction where the removal of a hydrogen atom and a leaving group from adjacent carbon atoms occurs simultaneously.

Organic Product

A compound or substance that has been derived from living matter, typically containing carbon atoms in its molecular structure.

Sodium Ethoxide

A strong base formed from the reaction of ethanol and sodium, often used as a reagent in organic synthesis.

Bromo-Methylbutane

An organic compound that contains a bromine atom attached to a butane chain, often used in nucleophilic substitution reactions.