Compared to the Proprietorship,the Partnership Has the Disadvantage of

question 64

Multiple Choice

Compared to the proprietorship,the partnership has the disadvantage of

• A) limited liability to each partner.
• B) encountering more red tape to remain in existence.
• C) double taxation of each partner.
• D) finding more difficulty in securing funds and specialized know-how.
• E) unlimited liability of each partner.

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Definitions:

Performance Results

This pertains to the outcomes or outputs produced from activities or tasks, often measured against pre-determined standards or objectives.

Participation

The act of taking part or being involved in a particular activity, process, or organization.

Membership Characteristics

The attributes, traits, or qualities that define the individuals who are part of a group or organization.

Skills Mix

The range of abilities, expertise, and competencies that a team or workforce possesses.