Which of the Following Statements About a Partnership Is NOT

question 45

Multiple Choice

Which of the following statements about a partnership is NOT true?

• A)Partners must keep their capital separate for tax purposes.
• B)It can be difficult to sell a share in a partnership.
• C)Partners are unable to contract with the firm.
• D)Partnerships can be cheap and quick to establish.

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Definitions:

Might Makes Right

A principle suggesting that those who are powerful or have the ability to enforce their will can define what is considered morally right or acceptable.

Social Dominance Orientation

A personal attitude that places a value on hierarchies within societies, preferring inequality among social groups.

Social Equality

A state of affairs in which all individuals within a society have equal rights, opportunities, and treatment, regardless of personal traits or socioeconomic status.

Coercive Power

The ability of a person to influence others' behavior by punishing them or threatening to punish them if they do not comply with their directives.