Which of the Following Is NOT an Advantage of a Partnership

question 15

Multiple Choice

Which of the following is NOT an advantage of a partnership?

• A) Partners' income taxes may be less than the income taxes would be on a corporation.
• B) Each partner has limited liability.
• C) It is possible to bring together more managerial skills than in a sole proprietorship.
• D) It is possible to bring together more capital than in a sole proprietorship.

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Definitions:

Resilience

The capacity to recover quickly from difficulties; toughness and the ability to bounce back from adversity.

Self-regard

An individual's perception, understanding, and respect for themselves, contributing to their self-esteem and confidence.

Stress Tolerance

The ability of an organism or system to withstand and adapt to stress or adversity.

Flexibility

The quality of being able to adapt to new, different, or changing requirements.