Partnerships Differ from Proprietorships Because Partnerships

question 77

Multiple Choice

Partnerships differ from proprietorships because partnerships

• A) consist of two or more partners sharing the responsibilities of the firm and proprietorships do not.
• B) require a written agreement and proprietorships do not.
• C) require a state charter and proprietorships do not.
• D) are characterized by unlimited liability and proprietorships are not.
• E) generate fewer profits than do proprietorships.

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