A Disadvantage of a Partnership Is That

question 50

Multiple Choice

A disadvantage of a partnership is that:

• A) issuing stocks is expensive.
• B) profits are taxed only once.
• C) profits are taxed at a personal income level.
• D) each partner is at risk for the actions of other partners.

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Definitions:

Management of Tasks

The process of organizing, prioritizing, and overseeing tasks to efficiently achieve objectives.

Management of Others

The ability to direct, motivate, and lead people effectively to achieve desired goals and outcomes.

Alcohol Use

The consumption of beverages containing ethyl alcohol; patterns of use vary from moderate drinking to alcoholism.

Emerging Adulthood

A phase of life between adolescence and full-fledged adulthood, typically ranging from late teens to mid-to-late twenties, marked by exploration and instability.