A General Partnership Has Advantages Which Are Similar to a Sole

question 106

Multiple Choice

A general partnership has advantages which are similar to a sole proprietorship, such as

• A) easy to transfer ownership.
• B) limiting owner's liability.
• C) being simple to organize.
• D) providing for continuity.
• E) being dependent upon resources of an individual.

Learn how to present bad news in a manner that maintains a positive tone and relationship.

Understand how to end indirect claim messages positively and constructively.

Comprehend the appropriate manner to deny credits and adjust refusal messages.

Grasp the correct structure and components of an indirect claim message.

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Definitions:

Average Sale Period

The average time period that items remain in inventory before being sold, indicating the liquidity of inventory.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote at shareholder meetings and receive dividends.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets, calculated as sales divided by total assets.

Common Stock

A type of equity ownership in a corporation, representing a claim on a portion of the profits and assets.