Which of the Following Is a Characteristic of a Partnership

question 122

Multiple Choice

Which of the following is a characteristic of a partnership?

• A)The profits,taxes,and legal liability are the responsibility of two or more owners.
• B)It is a legal entity separate from its owners.
• C)Its income is taxed twice-once on the partnership's income tax return and again on the partners' individual income tax returns.
• D)It is the only organizational form appropriate for service businesses.

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Definitions:

Multiple Intelligences Theory

A theory proposed by Howard Gardner, suggesting that intelligence is multidimensional and includes various discrete faculties.

Range Of Reaction

A theory suggesting that an individual’s genetic makeup establishes a range of possible developmental outcomes that can be determined by environmental conditions.

Intellectual Disability

A term for significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Skill Level

The proficiency or competence achieved in a specific activity, task, or field, often measured against established standards or through performance assessment.